Millions of Australians plan to switch or downgrade health insurance ahead of April price hike

The Australian

27 March 2019 - Millions of Australians with private health insurance plan to switch to a cheaper policy or reduce their level of cover before the annual price hike next week.

A new YouGov Galaxy research study commissioned by comparison website iSelect has also revealed that almost one in 10 policy holders — one million Australians — plan to cancel their private health cover before April 1.

The average cost of private health insurance premiums will rise on Monday by an average of 3.25 per cent, which insurers have argued is the lowest annual increase in a decade.

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Michael Wonder

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Michael Wonder