Health insurance still expensive despite reforms: analysts

The Australian

17 October 2017 - The federal government’s list of private health insurance reforms, lauded as the most significant in almost 20 years, will not solve the affordability issues driving consumers out of the sector.

That is the view of industry analysts after reviewing the reforms announced last week by Health Minister Greg Hunt. The reforms included categorising policies as gold, silver, bronze and basic bronze, a discount for young people, more power for the Private Health Insurance Ombudsman and a reduction in prices insurers must pay for medical devices.

Credit Suisse analysts said that while the overall impact of the reforms would not be known for years, they would fix the current private health insurance affordability issues.

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Michael Wonder

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Michael Wonder