Private Healthcare Australia says Labor must come clean on complex rebate changes
“Labor’s latest plan to remove the private health insurance rebate from policies covering only public hospital treatment will deliver marginal savings and create confusion and panic for some consumers,” said PHA Chief Executive, Dr Rachel David.
Private Healthcare Australia Supports Government Commitment to PHI Sustainability
Australia’s health funds have welcomed the Coalition Government’s commitment to reform medical device pricing and make health insurance more accessible and affordable for Australians. Private Healthcare Australia Chief Executive, Dr… Read more
Premium Affordability should be a priority for Incoming Government
The next Australian Government should commit to working with health funds to improve the sustainability and affordability of the private health sector and should take immediate steps to reduce pressure on premiums.
Accessible and Affordable Health Insurance
Private Healthcare Australia is committed to working with the incoming Federal Government and industry stakeholders to ensure a sustainable and affordable health insurance system on behalf of all Australians. Improved transparency, accountability and competitiveness across the whole private health supply chain is critical to the sustainability of the sector.
Survey shows Value of Health Cover
Private Healthcare Australia’s Annual Survey of High Claims has highlighted the value of health insurance, particularly for younger Australians, with funds paying out more than $6 billion in benefits for individual claims over $10,000 in 2015.
Greens Health Policy a Disaster for Public Health
The Greens plan to abolish the Private Health Insurance Rebate will have a disastrous impact on public hospitals and set health policy development back decades.
PHA Budget 2016 Media Statement
Australia’s health funds have welcomed the Government’s commitment to improving the sustainability and affordability of the private healthcare sector, but warn the Government should take immediate steps to reduce pressure on premiums…. Read more
Federal Government must act now to ensure sustainability of healthcare
While premium increases are lower than in recent years and substantially lower than State Government health cost increases, the industry is far from complacent according to Private Healthcare Australia (PHA) CEO Dr. Rachel David.
Private Health Funds Keep Premiums Affordable
The Government’s announcement that the average premium increase for Private Health Insurance Funds will be 5.59%, the lowest increase in four years, demonstrates the industry’s commitment to keeping premiums affordable for its members.
Health Funds Increase Efficiency
Health Funds have become increasingly efficient with both management expense ratios and net margins reducing significantly in recent years. The Private Health Insurance Industry’s MER has been dropping progressively since 2008 from 10.5% to 8.5% in 2014. Similarly, the Industry’s net margin has dropped from 5.6% in 2007 to 4.1% in 2014…. Read more