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flag Australian health insurers face criticism for raising premiums via a tactic dubbed "product phoenixing."

flag 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. flag This loophole allows them to bypass annual premium increase limits, resulting in new customers paying an average of $38 more per month. flag 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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