12 October 2017 - Private health insurers will be able to charge higher excesses and offer discounts to under-30s under sweeping Turnbull government changes that will also cut more than a billion dollars from the medical devices sector and scrap coverage for natural therapies such as yoga.

The reform package – to be announced by Health Minister Greg Hunt on Friday – aims to get annual above-inflation premium price rises under control and prevent an exodus of customers that would threaten the entire industry with collapse.

Under the biggest shakeup of the sector since the Howard era, consumers will be able to choose higher excesses to lower the premiums they pay. The maximum permitted excesses for private hospital insurance will rise from $500 to $750 for singles and from $1000 to $1500 for couples and families.

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