The weekly briefing: 5 stories you may have missed
THE WEEKLY BRIEFING
Small hike tipped for insurance premiums
Private health insurance premiums are set to see their smallest rise in nearly two decades, but the AMA says insurers should be doing more to keep them down. The average cost of health insurance is tipped to increase 3.9% on last year, equivalent to about $200 extra for a family of four. It’s the first time since 2001 that premiums have risen less than 4% in a year and comes after Minister for Health Greg Hunt brokered a deal between medical device manufacturers and insurers to reduce the cost of prostheses. However, the AMA argues that the price hike should coincide with an improvement in service at a time of stagnating wages.