3% increase in Australia's private health insurance premiums, affecting 15 million customers, approved by Federal Health Minister Mark Butler.
3% average increase in Australia's private health insurance premiums, impacting 15 million customers, has been approved by Federal Health Minister Mark Butler. The hikes, varying by provider, are attributed to inflation, an ageing population, chronic conditions, and new technology costs. Despite the increase, Butler states it's below the annual rise in wages and remains below other insurance products.
April 01, 2024
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