Posted by Michael Wonder on 04 Jul 2024
St Vincent’s splits with insurer NIB amid private hospitals ‘crisis’
4 July 2024 - Australia’s largest non-profit hospital operator says Labor is yet to fully grapple with a crisis facing the $22 billion private health care system, as its sustainability is undermined by soaring costs and hardline demands from insurers.
St Vincent’s – which operates 10 private hospitals in Victoria, NSW and Queensland – on Thursday told health insurer NIB it would walk away from its contract over an entrenched pricing disagreement, meaning policyholders will have to pay more for care in a St Vincent’s facility.
