5 July 2018 - Australia’s private healthcare sector is set to come under further pressure, with the “gravy train” fast coming to an end as affordability pressures on consumers force financial discipline in the system, industry experts warn.

A series of data points on the sector over the past month have raised warning signs for the entire industry, with concerns also heightened by the Labor Party’s promise of a 2% cap on annual health insurance premium rises.

Craig Collie, portfolio manager at Regal Funds Management, said historically Australia’s health care sector — insurers, hospitals and doctors — had been an inefficient, cosy industry where everyone won except the consumer.

Read The Australian article