What else would you expect from the Howard Government?
Last week the Howard Government proudly announced the re- appointment for a new three-year term the Commissioner of the Private Health Insurance Administration Council (PHIAC). PHIAC's central functions are to monitor and regulate the private health insurance industry. It monitors compliance with the solvency and capital adequacy standards to ensure that private health insurers remain prudentially sound. PHIAC is a statutory authority set up by government to monitor an industry so as to protect the public interest — as such one would normally expect a government to appoint an independent and impartial Commissioner. Of course, the Howard Government would never let a Commonwealth statutory authority get in the way of big business, so true to form Mr Howard has reappointed the current Commissioner, MrGarry Richardson, to the position. Not only was he chosen because of his previous "extensive experience" in the industry but he is also currently the Chairman of the Board of two insurance companies! To say Mr Richardson has a conflict of interest in the job would be a gross understatement.