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Australian government considers market intervention to boost insurance competition and lower costs.
The Australian government is considering intervention in the insurance market to increase competition and lower costs for consumers.
This approach mirrors past actions taken with supermarkets, where the government threatened to break up large companies to prevent exploitation of consumers.
Minister Peter Dutton hinted at potential measures, but specifics and timelines were not provided.
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El gobierno australiano considera la intervención en el mercado para impulsar la competencia de seguros y reducir los costos.