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Australians fight for private health insurance in three-quarters of the population - Selection | Australia Press Releases
Recent numbers show that more than three-quarters of Australians are fighting to buy private health insurance. According to information published by the Consumers' Association Selection, 77% of those with private health insurance find it difficult to pay for their contracts. The private health insurance was mentioned as the second biggest problem with the costs of living behind the current.
Previous data published by ECHOICE show that about 70% of those without health insurance have indicated expenses as a contributory reason for their withdrawal from the mart. On Wednesday, the German Government initiated reform in parliamentary session in order to counter the worries about private health insurance. Among other things, the reform would provide for rebates on health care for persons under the age of 30, the strengthening of the health insurance commissioner, and private health insurance to pay for travelling and subsistence expenses for Australians in the countryside and region participating in health care schemes.
It would also enable private health insurers to raise client excess in order to reduce premium rates for the first year since 2001. The private health care cost is likely to start rising in April. Mean inflation is likely to be 3.95%, although Choice says that for some policy types, inflation will be higher.
The Australian said on Thursday that premium rates would continue to rise due to a significant erroneous interpretation of the insurance regulations by some suppliers. According to the survey, 12 insurance companies were still selling noncompliant policy and had been instructed to withdraw them from the insurance markets by July. Australians with private health insurance account for a significantly smaller share than in 1975.
However, the Medicare tax supplement and private health insurance discount have increased the share again to 46%. Mr Godfrey said Australians seemed to be at a crossroads in their private health insurance views. "We see folks getting out of the private system and our research has shown that this is because it's too expensive," he said.
Insurance companies had to know the content of their insurance policy better in advance, indicate mean values and stop selling so-called "junk" insurance products. In order to alleviate consumer disorientation, they had to better clarify the coverage levels provided in their contracts. Health Secretary Greg Hunt said the government's changes would remove concern about affordable and transparent healthcare.
"Therefore, these reform measures will help to enhance the sustainability of the private health system by removing concern about the affordable nature, complexities and poor visibility of private health insurance," Hunt said. Our chosen strategy allows us to keep our journalists open and available to all, regardless of where they might be living or what they can afford. Our goal is to make our journalists more aware of where they are living.
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