|
|
Article: RISE IN AUST PTE HEALTH INSURANCE PREMIUMS INEVITABLE: ANALYST.
- Article from:
- AsiaPulse News
- Article date:
- February 18, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CANBERRA, Feb 18 Asia Pulse - Rises in private health insurance premiums are inevitable as the age of new members grows substantially older, a conservative think-tank says.
More than 90,000 people aged over 55 took out private health insurance in 2004, figures showed this week.
At the same time, more than 66,000 people aged under 55 abandoned private health insurance.
The trend was likely to push up the price of premiums as insurers were forced to pay out more claims to high-cost older members, The Australia Institute said.
"We are seeing a very worrying shift in the demographic composition of people with private health insurance," ...