Posted by Michael Wonder on 26 Nov 2018
Customers ditch, downgrade private health insurance as premium increases bite: ACCC
26 November 2018 - The proportion of Australians with private health insurance fell last financial year, as premium increases continued to outpace inflation and wage growth.
According to the Australian Competition and Consumer Commission, customers paid about $23.9 billion in private health insurance premiums last financial year, up nearly 3.6 per cent on the prior year.
“The costs of private health insurance continue to be of concern to consumers,” the ACCC said in its annual report into the private health insurance industry.
