College dubbed 'financially illiterate' over freeze solution

The RACGP's professed solution to the Medicare freeze has been branded financially illiterate, with the college told to stick with education and standards.

The accusation was made by the health insurance industry on Thursday in response to a college media release that called on the Federal Government to limit the $6.1 billion it spends annually on subsidies for private health insurance.

College president Dr Bastian Seidel (pictured) said: “An overly generous indexation of up to 5% for private health insurance [subsidies] but a freeze on Medicare rebates for patients who want to see their GP

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