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Health Insurance Australia

Private Health Insurance News

Now’s the time to lock in your existing rates, if you can.

Ms Roxon announced yesterday that premiums would increase by an average of 5.78 per cent from April 1 — three times the annual 2.1 per cent rate of headline inflation and nearly double the 3.4 per cent underlying rate preferred by the Reserve Bank. However, it is in line with the rise in the consumer price index for health, which was 5.9 per cent last year.

Ms Roxon defended the increase as lower than last years 6.02 per cent, saying it was below industry expectations and “significantly less than the last five years of the Coalition government, where the average increase was 6.63 per cent”.

via The Australian.

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