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Insurance industry


At a presentation to the Actuaries Institute conference in Melbourne on Wednesday afternoon, the Private Healthcare Australia chairman, John Hill, will say insurers find it challenging not to pass on the rising costs of medical devices through premium increases. In December, the health minister, Greg Hunt, boasted that the government’s reforms to make private health …

In a letter to the health insurance industry in June, the industry regulator, the Australian Prudential Regulation Authority, bluntly told the industry to stop looking to government to fix its problems, decrying the industry’s “complacent approach” and advising it to put its own house in order. Last week’s call by Private Healthcare Australia, the private …