Health insurers hit back after minister rejects premium rise

The Age

24 November 2019 - Health insurers are appealing to federal Health Minister Greg Hunt to fast-track reforms aimed at helping lower their costs.

Mr Hunt has written to insurers demanding they resubmit their applications for premium increases for next year, which are understood to be an average 3.5%, more than double the rate of inflation and higher than this year's 3.25% rise.

Private Healthcare Australia chief executive Rachel David said the industry was battling rising costs that were squeezing profit margins - with some funds in "negative territory" - making the minister's request for a 3% rise "incredibly challenging".

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Michael Wonder

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Michael Wonder