Bupa’s call to scrap approval process for health cover premiums

The Australian

29 July 2017 - Health insurance giant Bupa has called on the government to remove the need for ministerial approval for annual premium increases to improve competition in the sector.

Bupa has made the call in its submission to a Senate inquiry on the sector, while renewing calls to continue overhauling the cost of medical devices.

The largest health insurance provider in the country has said that it paid 95 per cent more in Australia for one type of pacemaker compared to what it paid in Britain. It also said there was a 224% mark up on a ceramic hip between a private and public hospital in Australia.

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Michael Wonder

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Michael Wonder