Posted by Michael Wonder on 21 May 2021
Health insurers ‘sit on pot of gold’, say private hospitals
21 May 2021 - Private hospitals say health insurers must promise to reduce premium hikes or pay cash back to consumers after an expected bounceback in elective surgery following COVID-19 failed to materialise, leaving the funds with a $1.8 billion cash pile of member contributions.
The health funds put the $1.8 billion aside to pay for an expected increase in operations following the end of lockdowns but claims have been fewer this year than prior to the pandemic and private hospitals say they have no intention of increasing their activity.
