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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 (1969 Articles)
President of the Fire Brigade Employees’ Union and a professional firefighter with more than 25 years’ experience. I live and work on the NSW South Coast, Australia. I am a strong advocate for firefighters and emergency service workers with an interest in mental health issues and caring for those around me. I am a Director on the NSW Fire Brigades Death and Disability Super Fund and work with charities including ‘The Movember Foundation’. As a leader and activist I have long been active in the campaign for action on climate change. I am a Station Commander in the fire and rescue service in NSW and have 30 years experience fighting fires, both rural and urban. I am 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. I am 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…

    Like

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