Private health insurers accused of lying about costs to raise premiums
Thursday, 28 November 2019
Article Appeared in Sunrise Australia's big private health insurers have been accused of a sham, with plans to hike premiums again next year - some by twice the rate of inflation. Insurers say the hefty 3.2 per cent proposed increase is in response to the government's failure to lower the cost of medical devices, like
- Published in News
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Government Rejects Private Health Insurers Price Hike
Tuesday, 26 November 2019
Mr Hunt has written to insurers demanding they resubmit applications for 2020, after being hit with requests for increases understood to be an average 3.5 per cent - more than double the rate of inflation and higher than this year's 3.25 per cent hike. The medical devices industry, which is at war with insurers over
- Published in News
APRA Releases Quarterly Private Health Insurance Statistics for Sep 2017
Wednesday, 15 November 2017
The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance statistics publications for the September 2017 quarter. The publications provide industry aggregate summaries of key financial and membership statistics for the private health insurance industry. Key performance statistics for the private health insurance industry in the year ended 30 September 2017: See
- Published in Health Insurance, News
Value and Affordability of Private Health Insurance and Out-of-Pocket Medical Costs
Tuesday, 29 August 2017
The Australian private health insurance sector has changed. Whereas the sector once comprised member-owned not-for-profit mutuals, it is now dominated by large health corporations. Australia’s largest health fund, Bupa, is an international UK based private health corporation. Medibank Private, established by the Whitlam government in 1975 as a publicly owned health fund, is now a
- Published in Report