Private health insurance overhaul to curb rising premiums

  • Published on: Oct 12, 2017 - 8:20 PM
  • Source: The New Daily

Private health insurance overhaul to curb rising premiumsYoung Australians will be offered discounted health insurance premiums, while rebates for some natural therapies will be scrapped under sweeping changes to the private health system. Health Minister Greg Hunt will on Friday announce an overhaul aimed at protecting the private health system from future collapse and curbing above-inflation premium price increases. To entice young Australians to take out a policy, funds will offer discounts of up to 10 per cent to Australians under 30, at 2 per cent per year for a maximum of five years, with those cheaper premiums remaining in place until the …

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