St Vincent's Health Australia ends contract with NIB, potentially increasing patients' out-of-pocket costs.
St Vincent's Health Australia is ending its contract with NIB due to a breakdown in negotiations over a new funding agreement. The move may lead to higher out-of-pocket costs for patients who use NIB for their private health insurance when seeking care at a St Vincent's private hospital. This follows a worsening crisis in the $22 billion private hospital system driven by rising costs and hardline demands from insurers. The AMA calls for the creation of an independent Private Health System Authority to ensure the sector is appropriately regulated and patients get fair treatment.
July 04, 2024
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