Posted by Michael Wonder on 30 Mar 2017
The hidden cost keeping your health insurance premiums high
30 March 2017 - Private health insurance costs for everyone could drop dramatically if the Federal Government tackled murky practices relating to a single, over-priced medical category, writes South Australian senator Stirling Griff.
On April 1, the one-in-two Australians who have private health insurance will start paying higher premiums. It is a familiar annual ritual.
This year’s increase is actually one of the lowest average increases in a decade, ranging from 3% to 8% depending on which fund you’re with. But, given hospital cover has increased by about a third over the past five years, most of us just feel we’re paying ever increasing prices for a corresponding decrease in the level of cover provided.
