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Article: Health insurance premiums must go up: industry.
- Article from:
- Australasian Business Intelligence
- Article date:
- February 11, 2002
CopyrightCOPYRIGHT 2002 News provided by Comtex. 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)
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Feb 5, 2002 (The Age
ABIX via COMTEX) -- Australia's health insurance industry has urged the Australian Government to approve applications for higher insurance premiums. Australian Health Insurance Association CEO, Russell Schneider, said increases such as the 13.08 per cent requested by Medibank Private, were reasonable considering the significant rise in claims and the number of people in the health system. Besides from AXA Health, which applied for an increase of less than two per cent, none of the other six major Australian health insurance companies have disclosed the amount for which they have applied. Although the premium rises will not be greeted very ...