It's not Medibank that has the debt problem, it is Australia. It isn't the job of Govt. to be running elitist private health care companies, Medibank Private has no place in the Govts. hands.
I certainly wouldn't buy into this IPO.
And yes, it is owned by the public, and the public will benefit from lower govt. debt when it is sold. The public took the risk of it being a drain on taxpayer funds, so deserve the benefit from its sale. The only greedy ones are policy holders like yourself and DTS who want to profit from others' risk taking.
