Next year’s health insurance price hike will be slightly lower than previous years but nib boss Mark Fitzgibbon says customers need to “get used to the idea” of annual premium increases in the region of 5 to 6 per cent.
The push to rein in the rising cost of private health cover is an aim of Health Minister Sussan Ley’s review into the $19 billion sector, which heats up this week, but Mr Fitzgibbon played down expectations it would deliver real change.
“I don’t think there will be any initial big bang,” he said.
Mr Fitzgibbon, speaking at a conference organised by investment bank UBS, said spending on health care across the country had run at about 6 per cent a year for the past 10 years. For the full article click here
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