Home/global/Australian health insurance premiums just had their biggest hike in a decade. Is it time to scrap private health cover?

Australian health insurance premiums just had their biggest hike in a decade. Is it time to scrap private health cover?

globalFebruary 18, 20261 min readAttributed summary
Australian health insurance premiums just had their biggest hike in a decade. Is it time to scrap private health cover?
Government incentives continue to drive people to take out cover merely to avoid tax penalties
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Government incentives continue to drive people to take out cover merely to avoid tax penalties

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The government has approved a 4.41% private health insurance premium rise from April – the largest hike in almost 10 years.

With consumers already grappling with cost-of-living pressures, including an interest rate rise earlier in February, more Australians are likely to be wondering whether keeping their private health insurance is worth it.

Melissa Davey is Guardian Australia’s medical editor

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Source: Guardian - World News

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