Posted by Michael Wonder on 17 Jan 2018
Consumers to be slugged with $200 private health insurance price rises
17 January 2018 - Consumers will be slugged with an average 4% rise in private health insurance premiums this year despite major Turnbull government reforms designed to rein in costs.
While the numbers are yet to be finalised, Health Minister Greg Hunt has revealed there is likely to be an average 3.9% rise for policyholders on April 1 this year.
A 3.9% increase would represent the lowest premium increase since 2001 – but would still be nearly twice the rate of general inflation. It would add close to $200 dollars to the average policy a year, and is likely to force more families to drop their cover.
