Posted by Michael Wonder on 01 Aug 2019
Private health insurance at a 'tipping point', with Australians dropping cover in droves
1 August 2019 - Health industry experts are warning Australia's private health insurance industry could be in terminal decline as consumers abandon their private health cover in droves.
The Federal Government subsidised industry is facing a crisis as thousands of people, especially 25- to 29-year-olds, dump their private health insurance policies as annual premiums increase well above the cost of living and wages.
Less than half the population has private health insurance, despite incentives for those who opt in and higher taxes for many of those who opt out.
