5 September 2018 - Young people are quitting private health insurance in droves.
Australia’s millennials have found another reason to resent cashed-up baby boomers: they’re subsidising their health care.
Fed up with paying for insurance that mostly benefits older patients, young Australians are quitting private health cover in droves. For many of them, it’s a no-brainer: premiums have soared as much as 70% in the past eight years. The amount of insured people in their mid-to-late twenties alone has dropped 14% in the past three years.