MPL's aggressive stance in pushing "quality and safety clauses" , meaning that they will not pay for readmissions within 28 days or any for "preventable complications" ( deemed preventable by THEIR estimation, not by the people who are supposed to make those definitions, namely the Australian Commission on Safety and Quality in Healthcare ) will mean that many patients will have to pay an enormous increase in out of pocket costs, or will be refused private hospital admission and be redirected into the already severely struggling public hospital system.
They conveniently ignore the fact that surgery or chemotherapy or other complex procedures carry inherent risks that are often not anyone's fault, and particularly in the elderly patient with chronic medical problems the complications are to be EXPECTED ( and treated accordingly ).
Medibank private will make many enemies out this aggressive stance, and people will drop out of private health insurance when they face massive out of pocket hospital expenses that MPL refuse to pay for, or end up in public hospitals because the private hospital will not take them.
I have already sold my MPL shares in disgust, fortunately at $2.30.
MPL Price at posting:
$1.99 Sentiment: Sell Disclosure: Not Held
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