NSW Labor has ordered a sweeping review into icare, the state’s big spending state insurer.
The Minns government has launched a sweeping review into icare to identify where the embattled workers’ compensation insurer can make cuts to excessive spending, waste and salary costs.
As the largest public sector insurer in Australia, icare covers more than 3 million employees for wages and medical costs for workplace injuries. It collects more than $3 billion annually in premiums.NSW Labor was highly critical of icare in opposition. Treasurer Daniel Mookhey has blamed former premier Dominic Perrottet, who oversaw the scheme’s setting-up when treasurer in 2015, for the ongoing problems besetting icare.
“Sadly, it will take years to correct the workers’ compensation mess that we inherited and I don’t want to give anyone false hope,” Cotsis said.
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