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29 Nov 2019

Health Minister Greg Hunt has told private health insurers that their proposed price rises are too high.

The Minister has written to the insurance companies telling them they should rethink their premiums and resubmit their applications for the 2020 price rises.

The insurers have asked for an increase of 3.5 per cent – higher than the 3.25 per cent granted in 2019.

“I have written to private health insurers, asking them to deliver lower premium changes for consumers,” Mr Hunt told the Sunday Telegraph.

“Their proposed changes for premiums in their first applications were too high.”

The insurers are not happy.

Private Healthcare Australia CEO Rachel David told the newspaper: “Health funds will do what they can to meet the Government’s target but it will be challenging, and mean that health funds will have to be tough on wasteful medical device claims and there will be no room to move in contracts with providers.”



Published: 29 Nov 2019