Posted by Michael Wonder on 17 May 2017
'People are getting angry': Health funds accused of 'obscene' profits
17 May 2017 - Skyrocketing profits for insurers have been branded "obscene" by sections of the health industry, coming just months after health funds secured another government-approved increase in premiums well above inflation.
Health funds made post-tax profits of $1.3 billion in the year to April 1, an annual increase of 18%.
That followed quarterly profit increases of 11.5% and 28.5%, according to figures released by the Australian Prudential Regulation Authority.
