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Health Funds and Industry News

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. 

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. 

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.

28/08/2017 - 2:21pm

Private health insurance has always been a volatile business, with consumers becoming increasingly critical of price increases that happen like clockwork every year. Since 2013 the average price of private health insurance has increased by roughly 23 per cent according to the Australian Prudential Regulation Authority, and that's having a profound effect on coverage levels.

26/06/2017 - 4:36pm

Countless Australians don't concern themselves with private health insurance until they wish they had it. That may be because most believe that Medicare and the public system covers them for ambulance and emergency services as well as specialist care, according to a recent Pureprofile study.

08/06/2017 - 2:37pm

There's no doubt health insurance premiums are a necessary cost for millions of Australians. In fact, a total of 13.5 million people have health insurance in our country, according to the most recent statistics provided by the Australian Prudential Regulation Authority (APRA).

That's why it's such exciting news that a new initiative by the Government could put downward pressure on premium increases in 2017 and beyond. We've had a closer look.

06/03/2017 - 9:26am

When it comes to choosing a health insurance provider, you want be assured that you'll have access to quality healthcare, without any smoke and mirrors. However, according to legal watchdog, the Australian Competition and Consumer Commission (ACCC), some Australians aren't getting the service they deserve. 

Here's an overview of what the ACCC is looking to target this year, and what you should consider when choosing your health insurance

19/01/2017 - 11:13am

Greg Hunt has taken on the role of Health Minister from the outbound Sussan Ley after she resigned last week amid an expenses scandal relating to her recent property purchase. Mr Hunt is Prime Minister Malcolm Turnbull's fourth appointee to the role of Health Minister since he took office in September 2015.

17/01/2017 - 10:59am

Australia's two largest hospital operators want to remove the private health insurance sector, and allow  consumers to establish medical savings accounts, according to an Australian Financial Review article from October 2016. The medical savings accounts would empower people to deal directly with private hospitals, and Ramsay Health Care and Healthscope are leading the charge for the initiative.

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