Posted by Michael Wonder on 29 May 2022
$2,000,000,000 profit shows private health insurance reform needed to tackle cost of living crisis
26 May 2022 - The Medical Technology Association of Australia has pointed to the record profits for insurance companies as another clear example of the need for private health insurance reform to address the cost of living crisis in Australia.
Quarterly data released by the Australian Prudential Regulation Authority has revealed private health insurance companies have raked in their highest ever profits at $2 billion, an astounding 107.8% increase on last year.
