Costs, not profits, driving health premiums: APRA
The prudential regulator said private health insurer profitability was not driving ballooning premiums, contrary to a claim by Opposition Leader Bill Shorten.
The prudential regulator said private health insurer profitability was not driving ballooning premiums, contrary to a claim by Opposition Leader Bill Shorten.
Private health funds are forced to pay hand over fist for expensive hospital care, while unable to do anything make care more efficient.
Medibank is a well-run company, but shrinking margins are deterring investors.
Paying too much? It may be your fault; 85 per cent of people don't ask how much they will pay out-of-pocket for surgery until they are admitted as inpatients.
Insurance premiums go up every year because customers want more treatment and government costs rise: it's not insurer price-gouging.
A claim by the Opposition Leader Bill Shorten that private insurers held $6 billion in excess capital was misleading because most of the excess was held by non-profit funds, analysts said.
Private health insurers have fired back at labor leader Bill Shorten's attack on the sector's recent premium hikes, calling it an unsurprising cheap shot.
Medibank and NIB will increase private health insurance premiums by slightly less than the federal government's approved rate in the latest round of rate hikes.
The corporate watchdog's crackdown on poor practices in insurance add-ons and financing sold through car dealerships has seen $120 million returned to customers.
Macquarie says better outlook for private health insurers will temper premium hikes.
It is getting harder for insurers to predict the severity of weather-related catastrophes, as the sector grapples with historic losses from ...
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