Posted by Michael Wonder on 04 May 2019
Health funds want to raise a tax penalty to force you to buy their products
4 May 2019 - A $900 plus tax penalty to force the rich to buy private health insurance is now hitting those on middle incomes.
Worse still, a News Corp Australia investigation has found the 1-1.5% Medicare Levy Surcharge no longer works because skyrocketing premiums mean it’s now cheaper for many people to pay the tax than join a health fund.
Instead of making their products cheaper to fall below the penalty, health funds want the tax slug raised by hundreds of dollars to force more people on average earnings to buy their product.
