What HCF and HBF's plan to merge means for health insurance customers

Sydney Morning Herald

19 February 2018 - Health fund HCF says it hopes to be merged with not-for-profit bedfellow HBF as soon as August, which will turn the pair into Australia's third-largest health insurance provider, behind Bupa and Medibank.

While the merger announcement was largely welcomed on Monday, the dental industry was scathing, calling the development "dangerous and onerous".

HCF and HBF say if they successfully merge, the new not-for-profit entity will have an 18.4% market share, 2.5 million members and total assets worth $4 billion, and a greater ability to minimise premium increases in the future.

Read Sydney Morning Herald article

Michael Wonder

Posted by:

Michael Wonder