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flag Australian government approves 3.73% health insurance premium hike, affecting 15 million.

flag The Australian government has approved a 3.73% increase in private health insurance premiums, effective April 1. flag This is lower than the 6% sought by some insurers like nib, which will see a 5.79% rise. flag The hike is due to higher hospital costs and contract renewals, and is expected to result in a $2.2 billion windfall for insurers. flag The move affects 15 million Australians and follows multiple submissions by insurers.

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