Private health premiums on the rise

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.

Government boasts "lowest annual average premium" change for consumers since 2001 at 2.74 per cent. Source: SBS

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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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