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Major reforms shake up private health insurance

Street signage next to a Bupa private health insurance store in Brisbane, Tuesday, April 23, 2013. (AAP Image/Dan Peled) NO ARCHIVING

Major reforms to private health insurance have been introduced, including a new classification system, which divides insurance into four distinct tiers. Premiums will increase by an average of 3.25% per cent this year, which is above the rate of inflation, and more than wages growth.


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Updated

By Joe Axiaq, Greg Dyett, Vivienne Buttigieg

Presented by Vivienne Buttigieg

Source: SBS



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Major reforms to private health insurance have been introduced, including a new classification system, which divides insurance into four distinct tiers. Premiums will increase by an average of 3.25% per cent this year, which is above the rate of inflation, and more than wages growth.



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