Posted by Michael Wonder on 22 Oct 2019
Health insurance premiums to rise after government deal fails to reduce costs
23 October 2019 - Australians with private health insurance will face hefty premium increases next year - likely to be twice the rate of inflation - after Health Minister Greg Hunt's deal with the medical devices industry failed to lower costs as promised, the peak body for insurers has warned.
Private Healthcare Australia chairman John Hill said Health Minister Greg Hunt's goal of limiting the next round of premium increases to an average three per cent would be "extremely challenging" to meet, after the cost of devices like knee and hip replacements soared by 8.6%.
