Health Insurers News
Another Year, Another Pitch On Health Fund Premiums
Friday December 19, 2008
AUSTRALIA'S private health insurers are asking the Federal Government to approve large increases in their premiums - well above last year's rise of 5 per cent. This year, insurers have been affected by the sharemarket downturn and have seen their total profit halved to $560 million. At the same time, even though premiums grew by 9.5per cent, the size of their payouts rose by more than 10 per cent. Even so, the taxpayer is entitled to ask why should they further assist an industry that is already ...Insurers Seek Higher Premiums
Thursday December 18, 2008
PRIVATE health insurers have asked the Federal Government to approve big increases in premiums because of a profit slump in the past financial year.