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Health Insurance News

13/12/2017 - 3:40pm

People between the ages of 20 and 29 are the least likely to hold a health insurance policy for both hospital and general treatment, Australian Prudential Regulation Authority data shows. Plus, over the September quarter, almost 9,000 Australians aged from 25 to 29 dropped their cover (the largest decrease of any age group).

27/11/2017 - 1:48pm

There's a problem with Australia's private health insurance cover. In fact, only 55 per cent of the population have insurance covering general treatment, according to the latest Australian Prudential Regulation Authority (APRA) statistics.

27/11/2017 - 1:10pm

The average Australian health insurance premium has increased by between 4.8 and 6.2 per cent every year since 2010, Department of Health data shows. While the vast majority of consumers still see great value in their health insurance, it's understandable that some are put off by these continuous price increases.

20/11/2017 - 4:51pm

Over 13.5 million Australians have some form of private health insurance, Australian Prudential Regulation Authority (APRA) data shows. That's well over half the population, a coverage level far better than many other advanced nations like New Zealand, the UK and Ireland. 

26/10/2017 - 2:09pm

Productivity growth in Australia averaged 1.8 per cent a year on average from 2010 to 2016, Treasury data shows. This gradual rate leaves room for business profits to stall and for the incomes of Australian workers to fall behind the cost of living. 

17/10/2017 - 11:16am

Employee health is big business all over the world. In fact, a RAND Corporation study from 2014 found that 75 per cent of US businesses had, or were intending to implement employee wellness initiatives. Such movements are rapidly gaining popularity in Australia too.

12/10/2017 - 11:32am

The private health insurance industry is committed to keeping premiums as low as the market permits. After all, doing so is in everyone's best interests - to guarantee the sustainability of the industry and ensure that insurance policies remain affordable for all Australians.

05/10/2017 - 10:12am

The World Health Organisation regularly ranks the equity, efficiency and quality of health systems around the world. In their most recent report, Australia ranked in the top 20 per cent again, above the United States, and even our neighbours across the Tasman. 

25/09/2017 - 3:36pm

Statistics on employee retention issues in Australia aren't pretty. In fact, employee turnover averages at 16 per cent every year and almost half of upper management believe that number is far too high. 

14/09/2017 - 2:43pm

The Australian insurance and private health system is a complex beast, and you'd be forgiven for not knowing its ins and outs. However, regardless of where you live, who you are, and what you do, you should understand Lifetime Health Cover and how it could affect you.

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