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Scott th Ratbag

46,671 Posts.

643

05/03/24

12:59

Post #: 72750749
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Originally posted by pugsley100: ↑

On Tuesday, the Albanese government approved an industry average premium increase of 3.03 per cent, effective April 1.
Customers at the nation’s largest private health fund, Medibank Private, will see average premiums jump by 3.3 per cent, while Bupa will jump by 3.6 cent.
A 4 per cent hike has been signed off for HSF, and NIB’s premiums will rise by 4.1 per cent

Policy holders with Tasmania-based Health Care Insurance will see the smallest increase in their average premiums, up just 0.3 per cent, while CBHS Corporate Health members will be stung with a 5.8 per cent rise.

In other news Ramay Healthcare chief executive warned before the rise that private healthcare is struggling with inflationary pressures and needs more funding from Government and insurers.
Things so bad that they cut their dividend.
During the pandemic response with suspended procedures their profit improved but now they want more support.

The announced rise is less than inflation.

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private hospitals were always doomed to suffer under the insurance companies' need for profit.
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