1 May 2017 - Health funds would be compelled to offer a standard, low-cost ­insurance policy under a proposal being developed by stakeholders on a key ministerial advisory ­commit­tee.

With Health Minister Greg Hunt under increasing pressure to address affordability in the sector, the reform proposal could present an opportunity to intervene at the lower end of the market and help stabilise the sector.

The Private Health Ministerial Advisory Committee has been working to categorise tens of thousands of policies into Gold, Silver and Bronze. The committee — headed by former bureaucrat Jeffrey­ Harmer, with insurance, hospital, clinician and consumer representatives — is also seeking to better understand members’ choices and perceptions.

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