News

Private health insurance is in a ‘death spiral’ because millennials don’t want to pay for it — now one insurer wants to force them by scrapping Medicare

Medicare in Australia should be abolished and every citizen pushed onto private health insurance instead, NIB managing director Mark Fitzgibbon has proposed in a controversial article published in the Australian Financial Review on Tuesday. Under Fitzgibbon’s scheme, the premiums of low-income earners would be subsidised by the Australian government as […]
Private health insurance is in a ‘death spiral’ because millennials don’t want to pay for it — now one insurer wants to force them by scrapping Medicare
Markets

CREDIT SUISSE: Australian private health industry profits are in decline

Earnings in the private health sector are unsustainable, according to analysts from Credit Suisse, so the bank has downgraded its ratings for Medibank Private and NIB Holdings. The downgrade is based on the Australian Prudential Regulation Authority’s (APRA) March quarter statistics for the private health sector. They show that net […]
CREDIT SUISSE: Australian private health industry profits are in decline