Posted by Michael Wonder on 01 Sep 2020
Thousands drop private health insurance after questioning its value
1 September 2020 - It's crunch time in many households, with money tighter than ever as the economic impact of the COVID-19 pandemic hits family budgets hard.
Increasing financial pressures have forced many private health insurance customers to revisit their cover and weigh up if it is still affordable.
Private Healthcare Australia, the industry body for health funds, says private health funds put their scheduled April 1 premium increases on hold for at least six months, in order assist consumers during the COVID-19 crisis. Some have since further extended the planned hikes into next year.
