More than a billion dollars was added to the value of ASX-listed health insurers Medibank Private and NIB on Monday after the Coalition's election victory removed the threat of a cap on premium increases as promised by Labor. The Labor opposition had promised that, if elected, it would immediately establish a Productivity Commission inquiry, as well as impose a 2 per cent cap on annual premium increases for two years.With the Scott Morrison-led Coalition now tipped as likely to form a majority government investors sent Medibank shares soaring more than 11 per cent to $3.20 by late Monday morning.
Ann: Garrison Health Services contract update, page-19
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Last
$3.92 |
Change
0.030(0.77%) |
Mkt cap ! $10.79B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $3.94 | $3.89 | $13.10M | 3.346M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7629 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 76702 | 4 |
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| MPL (ASX) Chart |