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ACC is Fine - Seeing Through the Spin
In October 2009 the Accident Compensation Corporation posted a $4.8 billion dollar loss, which was referred to in the media as "the biggest corporate loss in New Zealand's history". There was of course a lot of wailing and gnashing of teeth and many ideas were mooted as ways to deal with this loss, including introducing an excess, reduced coverage, substantial levies rises, privatisation and the opening up to small or all of ACC's services to competition.
