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Australian health insurers face criticism for raising premiums via a tactic dubbed "product phoenixing."
Australian health insurers are facing criticism for a practice called "product phoenixing," where they discontinue cheaper health insurance policies and replace them with similar, more expensive ones.
This loophole allows them to bypass annual premium increase limits, resulting in new customers paying an average of $38 more per month.
Health Minister Mark Butler has labeled this as "price gouging" and warned of potential legislative action if the industry does not self-regulate.
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Las aseguradoras de salud australianas enfrentan críticas por aumentar las primas a través de una táctica llamada "producto fénixing".