The government has announced it will investigate health insurers for using a loophole to raise their prices. In December last year, Minister of Health Mark Butler warned health insurers to stop ‘phoenixing’ policies after a Commonwealth Ombudsman report brought the practice to light. By law, health insurers can only raise prices once a year, but...
Most Australians will pay more for health insurance next week due to a reduction in a rebate designed to make health cover cheaper. Cuts to the Private Health Insurance Rebate take effect on April 1 at the same time as most policies are increasing in price by an average of 3.7% – which adds up...
Out-of-pocket payments for Private Health Insurance claims continue to rise, putting more pressure on Australian households during the cost-of-living crisis. New data from Australian Prudential Regulation Authority (APRA), which regulates the health insurance industry, found a 7% increase in Gaps paid for Hospital Cover claims for the quarter finishing December 2024, compared with the same...
Health insurance will increase by an average of 3.7% in April – the highest premium increase since 2018. Every year health insurers are allowed to raise their premiums only once. This year, Minister of Health Mark Butler rejected insurers’ proposed increases (reportedly up to 6%) at least twice before agreeing on an average premium increase...
Australian private health insurers have been criticised for using a loophole to raise the prices of Gold Cover policies. This week the Commonwealth Ombudsman found evidence some insurers have been raising prices through ‘product phoenixing’ – closing existing policies to new customers, and creating almost identical policies at a higher price. As a result, new...
Australians with Private Health Insurance are paying higher out-of-pocket payments for hospital treatment than a year ago, new data shows. The latest statistics from Australian Prudential Regulation Authority (APRA), which regulates the health insurance industry, show out-of-pocket fees for private hospital treatment increased by 8% in the 12 months from October 2023 to September 2024....
If you’ve used health insurance to pay for surgery in a private hospital or clinic, check your bill to make sure you haven’t been charged a Gap incorrectly. That’s the advice from Private Healthcare Australia, the peak body for the health insurance industry, after allegations that some specialists (including surgeons and anaesthetists) have been ‘double...
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...
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The government has announced it will investigate health insurers for using a loophole to raise their prices. In December last…
Most Australians will pay more for health insurance next week due to a reduction in a rebate designed to make…
Out-of-pocket payments for Private Health Insurance claims continue to rise, putting more pressure on Australian households during the cost-of-living crisis. …
Health insurance will increase by an average of 3.7% in April – the highest premium increase since 2018. Every year…
Australian private health insurers have been criticised for using a loophole to raise the prices of Gold Cover policies. This…
Australians with Private Health Insurance are paying higher out-of-pocket payments for hospital treatment than a year ago, new data shows. …
If you’ve used health insurance to pay for surgery in a private hospital or clinic, check your bill to make…
A ‘health tax’ passed by NSW government last week means NSW residents could face higher premiums for health insurance in…
Hospital Cover premiums could be set to rise, due to a ‘health tax’ introduced in NSW this week. The NSW…
More and more Australians are seeking private hospital treatment, new data has shown. The latest statistics from industry regulator Australian…
Australian women who choose to have their baby delivered by an obstetrician at a private hospital are paying alarmingly high…
One private health insurer has reduced its cover for Ozempic amid a surge of popularity for the weight-loss drug. Last…
Australians are depending on their health insurance more than ever before, new data has revealed. The latest Private Health Insurance…
Not understanding exactly what your health insurance policy covers could leave you with ‘bill shock’ later if you need surgery…
Australians could be paying around 3.03% more for health insurance in 2024 after 1 April. The federal government has approved…
Australians with health insurance are paying an average of $410.67 out of pocket for hospital treatment, according to the latest…
Out-of-pocket fees for elective in-hospital procedures have increased up to 300% in the past five years, says Private Healthcare Australia….
Every Australian who takes out health insurance saves the government around $1,434 a year, a recent report has found. …
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