5 March 2024 - The Australian Government has ensured Australians get value for money from their private health insurance, with the average cost of private health insurance premiums rising at a much slower rate than the increase in wages, the age pension and inflation.

After running the ruler over the claims of private health insurers and considering their years of record profits, the Government has approved an average industry premium increase of just 3.03%.

Read Minister for Health press release