Australians with private health insurance will pay more for their premiums next year, but some funds will defer the increase.
Private health insurance premiums will rise in 2022 but by the lowest amount in more than two decades.The change means the average single person will pay an extra $1.12 per week, and a family $2.42. The federal government’s ongoing reforms to the Prostheses List, slashing the prices private hospitals pay for items like surgical sponges, knee and hips replacements, aim to significantly lower insurers’ costs in the first half of 2022.
“We continue to implement significant reforms and investments to improve the value and affordability for the 14 million Australians who have private health insurance, and to support the private healthcare sector to deliver quality care.”Before the COVID-19 pandemic, the health insurance industry was described as in a “death spiral” as Australians - especially the young - dropped their cover in growing numbers, but this has stabilised.
Dana_Adele They only go up if you renew your insurance 😄
Dana_Adele Hooray for privatisation! Lucky we all get a higher level of service each year with our rising premiums!