The Accident Compensation Corporation concedes there’s room for it to tighten its processes, as it proposes increasing the levies it charges to help pay for rising claims costs.

ACC said, in its just-released annual report, that “lower-than-expected rehabilitation performance” contributed towards it reporting a wider-than-expected $7.2 billion deficit in the year to June.

In the previous year, it reported a $911 million surplus.

NZ Herald Wellington business editor Jenee Tibshraeny unpacked the factors behind the deficit - and examined how the insurer could turn things around.

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The Accident Compensation Corporation concedes there’s room for it to tighten its processes, as it proposes increasing the levies it charges to help pay for rising claims costs.
ACC said, in its just-released annual report, that “lower-than-expected rehabilitation performance” contributed towards it reporting a wider-than-expected $7.2 billion deficit in the year to June.
In the previous year, it reported a $911 million surplus.
NZ Herald Wellington business editor Jenee Tibshraeny unpacked the factors behind the deficit - and examined how the insurer could turn things around.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on the Accident Compensation Corporation reporting a $7.2 billion deficit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0b3c25e6-59fd-414e-829b-b20b007be026/transcript

Unemployed people living with obesity in the UK could receive weight-loss jabs to help get them back into work.

Health Secretary Wes Streeting has announced a £280 million investment from pharmaceutical giant Eli Lilly to develop new treatments to combat the rising obesity epidemic. 

UK correspondent Gavin Grey says illnesses relating to obesity cost the NHS billions every year - with negative outcomes set to impact the economy.

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Unemployed people living with obesity in the UK could receive weight-loss jabs to help get them back into work.
Health Secretary Wes Streeting has announced a £280 million investment from pharmaceutical giant Eli Lilly to develop new treatments to combat the rising obesity epidemic.&nbsp;
UK correspondent Gavin Grey says illnesses relating to obesity cost the NHS billions every year - with negative outcomes set to impact the economy.
LISTEN ABOVE

Gavin Grey: UK correspondent on the UK Government giving unemployed people weight-loss jabs to get them back to work

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4de3dccc-e32e-4e3b-8e02-b20b00813c67/transcript

As the world's ageing population is expected to grow over the coming decades, investors have turned their attention to vision care.

As people get older, the need for corrective lenses and treatment goes up - meaning investors are looking to take advantage of increased demand.

Milford Asset Management analyst Deborah Lambie reveals the companies that stand to benefit from this.

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As the world's ageing population is expected to grow over the coming decades, investors have turned their attention to vision care.
As people get older, the need for corrective lenses and treatment goes up - meaning investors are looking to take advantage of increased demand.
Milford Asset Management analyst Deborah Lambie reveals the companies that stand to benefit from this.
LISTEN ABOVE

Deborah Lambie: Milford Asset Management analyst on investors turning towards vision care amid ageing population boom

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c63cdc71-6780-4b03-85d2-b20b007e1eaa/transcript

It's been suggested that the New Zealand Special Air Service (NZSAS) could be the ones to find Tom Phillips and his three children in Marokopa - but one expert has voiced disapproval about the optics.

The four were recently filmed walking through the bush by pig hunters - the first sighting of them together since December 2021.

Barrister and military lawyer Grant Fletcher says within the Commonwealth legal system, there are tight restrictions on when armed forces can be used to help the Government internally.

"Obviously, there is a slightly murky area between what is a public service and what is a law enforcement role - and I think what's going to affect the decision makers in relation to this is that this is really stepping into a law enforcement role. Which is not the job of the military."

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It's been suggested that the New Zealand Special Air Service (NZSAS) could be the ones to find Tom Phillips and his three children in Marokopa - but one expert has voiced disapproval about the optics.
The four were recently filmed walking through the bush by pig hunters - the first sighting of them together since December 2021.
Barrister and military lawyer Grant Fletcher says within the Commonwealth legal system, there are tight restrictions on when armed forces can be used to help the Government internally.
"Obviously, there is a slightly murky area between what is a public service and what is a law enforcement role - and I think what's going to affect the decision makers in relation to this is that this is really stepping into a law enforcement role. Which is not the job of the military."
LISTEN ABOVE

Grant Fletcher: military lawyer explains why the SAS can't be sent in to track down Tom Phillips and children in Marokopa

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/aa9489f4-4b0e-4d0d-9192-b20b00776f4d/transcript

Jenee Tibshraeny: NZ Herald Wellington business editor on the Accident Compensation Corporation reporting a $7.2 billion deficit

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