A ‘health tax’ passed by NSW government last week means NSW residents could face higher premiums for health insurance in 2025. The new legislation means the state government can increase its existing tax on private health insurance if insurers do not agree to pay a higher ‘bed rate’ of $892 for private patients in public...
Hospital Cover premiums could be set to rise, due to a ‘health tax’ introduced in NSW this week. The NSW Government has introduced laws to force private health insurers to pay the correct rate for single rooms in public hospitals. The government says some private health insurers have not been paying the correct rate, with...
More and more Australians are seeking private hospital treatment, new data has shown. The latest statistics from industry regulator Australian Prudential Regulation Authority (APRA) revealed a 5.1% increase in hospital treatment episodes claimed on health insurance in the 12 months from July 2023 to June 2024. Health insurers paid more than $18 million in claims...
Australian women who choose to have their baby delivered by an obstetrician at a private hospital are paying alarmingly high out-of-pocket fees, it’s been revealed. According to Private Healthcare Australia (PHA), the peak body for the health insurance industry, obstetricians are charging as much as $650 for first consultations, a significantly higher fee than that...
One private health insurer has reduced its cover for Ozempic amid a surge of popularity for the weight-loss drug. Last month, HBF, the largest health insurer in Western Australia, announced it was reducing rebates for Ozempic, saying the rise in claims had become unsustainable. So far, no other insurers have changed their position on the...
Australians are depending on their health insurance more than ever before, new data has revealed. The latest Private Health Insurance statistics from government regulator APRA has found that health insurers paid $17.6 billion in benefits for Hospital Cover treatments in the 12 months to March 2024, an increase of 9.7%. Insurers also paid out $6.2...
Not understanding exactly what your health insurance policy covers could leave you with ‘bill shock’ later if you need surgery or another significant treatment. A recent ABC story explored the impact of discovering your health insurance doesn’t provide the level of cover you expected. It profiles two Australian women who faced large bills for hip...
Australians could be paying around 3.03% more for health insurance in 2024 after 1 April. The federal government has approved an average health insurance premium increase of 3.03% –but individual policies may rise or less, depending on the insurer. According to the ABC, the largest government-approved increases were 5.82% for CBHS Corporate Health, followed by...
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