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$1.6 Billion wasted on paper shuffling by WorkCover | via: David Shoebridge MLC #NSWpol

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Fast Facts:

From 1997 to 2010 major workplace injuries fell by 53%

From 1997 to 2010 inflation increased by 44%

From 1997 to 2010 management fees increased by 236% (more than 5 times inflation)
From 1997 to 2010 benefits paid increased by 43% (less than inflation)

From 1997 to 2010 management fees per major injury increased by 620% (14 times inflation)

If private insurer management fees had, like benefits, grown only by inflation then $1.6 billion dollars would have been saved.

In FY 2010 management fees paid to private insurers accounted for 24% of the value of benefits paid to injured workers compared to just 10% in FY 1997

Read more: http://davidshoebridge.org.au/2012/05/14/1-6-billion-wasted-on-paper-shufflin…

About Darin Sullivan (1967 Articles)
President of the Fire Brigade Employees’ Union and a professional firefighter with more than 25 years’ experience. Father of two daughters, he lives and works on the NSW South Coast, Australia. He is a strong advocate for firefighters and emergency service workers with an interest in mental health issues and caring for those around him. He is a Director on the NSW Fire Brigades Death and Disability Super Fund and works with charities including ‘The Movember Foundation’. As a leader and activist he has long been active in the campaign for action on climate change. Now a Station Commander in the fire and rescue service in NSW and has decades of experience fighting fires, both rural and urban. He is passionate about highlighting the impact climate change is having on fire preparedness and fire behaviour in Australia, and the risks associated with inaction on climate change. Darin is also a spokesperson for the Australian Climate Media Centre.

1 Comment on $1.6 Billion wasted on paper shuffling by WorkCover | via: David Shoebridge MLC #NSWpol

  1. Reblogged this on occupysydney and commented:
    Another expose by David Shoebridge – of NSW Government Waste.Barry O’Farrell must keep the faith & keep his hands off workers comp while implementing the identified savings…

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