6 April 2017 - Australia’s top health insurers have continued to call for regulatory reform and sector collaboration to stop consumers cancelling policies because of affordability concerns.
Nib’s group executive of Australian residents health insurance, Rhod McKensey, said conditions remained soft as consumers listed affordability as a key concern.
“Rising healthcare spending and an increasing ratio of taxpayers to retired, often high-cost, Australians means on balance any policy or regulatory change needs to encourage private health insurance participation,” he said.