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Health Minister undecided over private well being cover price hikes

Posted December 05, 2015 12:12:56

Federal Health Minister Sussan Ley has not ruled out approving increases for private overall health insurance premiums.

Ms Ley wants to apply higher scrutiny to rising expenses of private cover, citing an “overwhelming level of concern” among voters.

She has the capability as Wellness Minister to refuse price tag hikes, but told the ABC that practically nothing had been decided.

“I’m not ruling in or out what I may do,” she mentioned.

“What I am expressing is actual concern on behalf of consumers when they see private health insurance coverage premiums going up.”

External Link: Sussan Ley tweet

Half a million Australians have dropped or downgraded their private health insurance in the final economic year.

Ms Ley said men and women “dumping and downgrading” their policies meant they were not necessarily covering necessary procedures.

She mentioned it could also lead to unnecessary pressure on the public well being program.

“We can’t load up the public system with patients who would successfully describe themselves as private,” she stated.

Ms Ley mentioned she would investigate whether or not a stronger public-interest test in regards to approving premium increases, citing the need to have for a “circuit breaker”.

She has also extended the deadline for an on the internet survey, which has already received nearly 40,000 responses.

The Australian Competition and Customer Commission (ACCC) found Australia’s private well being sector was also complicated and drove customers to reduced-priced policies which lacked adequate coverage.

In its annual report on the business issued earlier this year, the ACCC said there had been a quantity of market place failures in private well being insurance that impeded consumers’ capability to make selections that are probably to be in their greatest interests.

Topics: government-and-politics, federal-government, overall health, health-insurance, australia

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