As at 30 June 2023, 5 insurers controlled over 80% of the Australian market.
Insurer | Market share |
Medibank (including ahm) | 27.1% |
Bupa Health Insurance | 24.9% |
HCF | 12.5% |
nib | 9.6% |
HBF | 7.7% |
TOTAL | 81.8% |
Source: Private Health Insurance Ombudsman: State of the Health Funds Report 2023