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Health Funds and Industry News

10/04/2015 - 5:06pm

Do you have any complaints or concerns surrounding your private health insurance?

Some Australians do, and will turn to their health funds for advice. However, many others are not receiving the level of service they would like from their insurance providers, a recent report suggests.

The Private Health Insurance Ombudsman (PHIO) - the body responsible for monitoring the industry and handling customer problems and enquiries - has released its annual report over the concerns of private health insurance customers.

27/03/2015 - 3:48pm

By now, you may have heard about the changes about to come into place that will affect the cost of health insurance in Australia. An annual rise in premium rates will give health funds the ability to maintain a high level of benefits in the light of increasing cost pressures.

03/03/2015 - 12:55pm

Last Friday, the Australian Government announced the extent of the private health insurance premium rise. It was expected to be around 6 per cent - an amount many thought was on the high side.

The actual increase was announced as averaging 6.18 per cent, though varied between 3.98 and 6.99 per cent as different health insurers increase their premium rates at varying levels.

Health Minister Sussan Ley announced on Friday (February 27) that she had approved the rise, which sees health insurance prices grow above the rate of inflation - 2.2 per cent.

25/02/2015 - 1:33pm

Australia's largest health insurer, Medibank, released the financial results for its most recent six months of trading - the first since it was floated on the Australian stock market.

Brokers bid big to secure shares in the historic sale, with the health fund successfully launched on the Australian Securities Exchange (ASX) on 25 November 2014 for $5.7 billion.

25/02/2015 - 1:32pm

Private health insurance provider nib has released a review of its performance in the past year.

With more than one million policyholders signed up to nib, and the finances of such companies tied somewhat to premium rates, it is an interesting insight for any nib customers.

All in all, the provider has had a mixed year. As the fifth largest health insurer in Australia, the group launched in New Zealand three years ago with the purchase of Tower Medical Insurance. 

23/02/2015 - 1:53pm

It's no wonder why some healthcare issues are expensive to treat, with an incredible level of skill going into many operations and treatments. Fortunately, public healthcare removes these financial issues, allowing free treatment for a range of medical concerns.

For those who want more choice when it comes to their healthcare needs, the private model gives people the ability to choose their doctor, as well as where and when they want their treatment to be administered.

16/01/2015 - 2:45pm

The government will actively seek to address issues surrounding any Medicare reform, after several of the proposed changes have been brought into question.

With doctors in particular reacting with disdain, certain topics will be in focus when the Department of Health discusses the ongoing issues later this month.

14/01/2015 - 12:31pm

People across Queensland are set to feel the benefit of Australia's first elective surgery guarantee from February 1.

The scheme aims to cut down the waiting lists for elective surgery, but Queensland Health has gone further and pledged to improve every aspect of the patient experience in the state, ensuring that only world class healthcare is delivered. 

Medically recommended time

13/01/2015 - 8:17am

Recent research from the Australia Institute (AI) has outlined how over $2 billion could be pumped back into the Australian economy, if general sales tax (GST) was tacked onto private health insurance.

As part of a wider report which focuses on ways to decrease the budget deficit without being hard-hitting to low income families, AI notes that there could be benefits in extending GST to two key sectors - private health insurance and private schools.

09/01/2015 - 2:35pm

Changes to Medicare proposed by the government have not gone down well with general practitioners across Australia.

Despite the the plan's aim to strengthen Medicare to ensure it is sustainable over the coming years, alterations to bulk billing and the subsequent increases in co-payments has left many doctors in a state of dismay.

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