22 July 2019 - Australia's private health insurers including ASX listed Medibank and NIB are in robust financial health, the former head of the industry's prudential regulator has claimed, amid concerns urgent reforms in the sector are needed for smaller players to survive.

“It is not minutes to midnight, in fact the private health insurance industry is remarkably well capitalised,” Shaun Gath, who headed the Private Health Insurance Administration Council until 2015 when its prudential regulatory role was handed to the Australian Prudential Regulation Authority said.

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