Australia's health insurance premiums to rise 3.03% from April 1, affecting 15 million Australians.
Australia's health insurance premiums set to rise by 3.03% in the largest increase in 5 years, effective April 1. The federal government has approved the industry average premium increase, impacting 15 million Australians. Premiums will jump by 3.3% at Medibank Private, 3.6% at Bupa, and 4% at HSF, while NIB's premiums will rise by 4.1%. Health Minister Mark Butler emphasized the annual increase is lower than inflation and wage growth.
March 04, 2024
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