Skip to Content

Health Funds and Industry News

18/12/2014 - 3:31pm

The government has announced that reinforcing Medicare as 'strong and sustainable' is one of their main aims into 2015.

Following the release of the 2014-2015 budget, there was to be a $7 Medicare co-payment introduced across the country. However, this has now been scrapped. Rather than that ill-received co-payment, the government has plans to introduce a package of new schemes which - it is hoped - will only better Medicare and continue to provide what it describes as 'affordable, world-class healthcare.'

17/12/2014 - 2:10pm

There are a whole host of health funds which can provide you with an even bigger number of insurance products. Putting in the time and effort to find the right one may be something you only do once, but keeping in mind that you have the right to change can be crucial.

26/11/2014 - 3:03pm

After the hype of the Medibank initial public offering, the company officially being listed on the Australian Securities Exchange (ASX) had the potential to be underwhelming, but investor interest has remained high.

Prior to the company going live on the exchange at midday on November 25, much had been made about its share prices, which were collectively valued at at $5.679 billion.

24/11/2014 - 1:02pm

The highly anticipated and much talked about share offering of Medibank has been completed, with $5.679 billion raised from the initial public offering (IPO). The company will officially begin trading on the Australian Stock Exchange at noon on November 25.

Earlier estimates outlined that the government would stand to make somewhere between $4.3 billion and $5.5 billion, but the huge amount of interest has already seen those figures comfortably surpassed.

30/10/2014 - 2:03pm

The privatisation of Australia's largest insurance provider begins on October 28, as shares in the company go on sale.

The sale of Medibank is designed to make the health insurance market more competitive, as the government steps back from being a provider of cover to the general population.

23/10/2014 - 3:11pm

Telstra has its fingers in many pies. This week, the telecommunication company announced that it will ramp up its activity in Australia's medical industry and enter the competitive healthcare sector.

The Australian incumbent announced a new service designed to connect patients in remote locations with GPs, as well as developing new local and global partnerships with healthcare providers.

18/08/2014 - 11:17am

According to the Australian Government, one in five Australians will experience a mental illness at some point in their life. Mental illnesses, also characterised as mental disorders, have profound impacts on individuals and their families.

The Australian Government states a mental illness is any health issue that impacts how a person feels, behaves, thinks and interacts over a long period of time. There are a variety of mental disorders, but some of the most common among Australians are schizophrenia, personality disorders, bipolar and mood disorders, and eating disorders.

11/08/2014 - 1:54pm

The Australian government announced it is taking applications from private companies hoping to process Medicare and pharmaceutical benefits claims. The decision to privatise medical payment processing is indicative of the government's recent trend toward fiscal efficiency, more privatised services and, in the end, savings for taxpayers.

28/07/2014 - 4:21pm

Family health insurance can provide coverage to protect your family's needs, however there are some areas that are not always black and white.

If you have children or dependants listed on your family policy, you should be aware at what age they are no longer classified as children. It is also important to understand the conditions outlined for a dependant. Furthermore, newborn babies and private health insurance to cover you during pregnancy can come with certain conditions.

16/07/2014 - 11:43pm

Medical tourism is a growing market in Australia and it is important you understand the limitations of your health insurance and travel insurance coverage.

Syndicate content