Labor promises to cap increases in private health insurance premiums at two per cent, if elected

Labor is promising families they will save hundreds of dollars a year under its plan to stop price increases on private health insurance.

Kiongozi wa upinzani Bill Shorten ndani ya hospitali ya Vermont mjini Melbourne Source: AAP

Opposition Leader Bill Shorten says a proposal to cap premiums shows Labor is the only party that has a "fair dinkum"* plan to deal with cost of living pressures.

The Public Health Association of Australia welcomed a Productivity Commission review saying premiums have been going up exponentially with policies that delivered little for individuals, huge profits for the private insurance companies while also undermining Medicare.