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Millions of Aussies Facing Biggest Health Insurance Rise in Nine Years
The 4.41% rise, the largest since 2017, is driven by higher medical costs and an ageing population, affecting over 15 million private health insurance holders.
- On April 1, health Minister Mark Butler approved a 4.41 per cent average premium increase affecting more than 15 million Australians with private health insurance.
- Rising delivery costs and demographic shifts are cited as driving the rise, with Health Minister Mark Butler saying higher wage bills and an ageing population increase medical and hospital service costs.
- Canstar found individual insurers received different increases, with AIA, NIB and Medibank above 5 per cent, while GMHBA rose 1.98 per cent and HBF 2.1 per cent.
- Policyholders will face higher bills, and Butler said he rejected larger requests while urging insurers to 'do right by their customers' amid rising household budgets.
- The move marks the biggest average rise since 2017, with opposition health spokesperson Anne Ruston calling it the largest rise in eight years and a major hit to households above last year's 3.73 per cent increase.
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Coverage Details
Total News Sources8
Leaning Left2Leaning Right4Center1Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 29%
14%
R 57%
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