Almost 14 million Australians will be affected by a private health insurance premium increase to come into effect in April. But, one peak insurance body argues the modest rises are needed because of demand for healthcare.
Highlights
- The 2.74 per cent annual increase will take effect from April 2021
- A single person will pay an extra $1.14 per week, and a family will pay $2.44 more a week
- In 2019-20, Australians received a record $21.9 billion in benefits for medical services through the private health system.
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