16 March 2017 - Australian consumers are paying an average $130 a year more on their private health insurance premiums to cover a government-sponsored price regime for medical technology that delivers so much profit to multinational health companies that Australia is known as "Treasure Island", the not-for-profit health insurance sector claims.

And the confidential pricing arrangements between medical device manufacturers and private hospitals are so secret that a parliamentary inquiry has been urged to introduce to Australia a "Sunshine Act" similar to the 2010 US law requiring medical device manufacturers and suppliers to publish details of their financial relationships with hospitals and doctors.

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