About Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Increase in Health Insurance Premiums

by Lyju Kuruvilla on March 2, 2012 at 11:16 AM
Font : A-A+

 Increase in Health Insurance Premiums

It is expected that private health insurance premiums will increase by about 5.06% on average this year. 7 private health insurers were stopped by the Federal Government from forcing unreasonable increases on their customers. Out of the country's 34 health insurers, 24 were asked to resubmit their applications and provide evidence to justify the planned rise, as the increases were not warranted.

This is the lowest annual rise in 4 years and is half a percentage point lower than last year's increase. The increases were actually lower than the increased cost of providing health services from doctors and hospital. Officials say that this rise will not provoke an exodus from the industry.

Advertisement

According to Peter Dutton, Federal Opposition's health spokesman, people will downgrade their health insurance as a result of this announcement. The rise comes on the heels of the Government's push to cut the number of people who are eligible for the private health insurance rebate, and some people will be hit twice.

Source: Medindia
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
What's New on Medindia
Monkeypox Outbreak: What it is, How Does it Spread & the Prevention
Seasonal Allergy Medications
How to Choose the Best Eczema-Friendly Moisturizer for Children?
View all
Recommended Reading
News Archive
Date
Category
News Category

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Health Insurance Plan Third Party Administrators for Health Insurance Star Health and Allied Insurance Health Insurance Policies offered by Bajaj Allianz Insurance ICICI Lombard General Insurance Company Limited Health Insurance Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Cholamandalam Health Insurance Policies 

Most Popular on Medindia

Indian Medical Journals How to Reduce School Bag Weight - Simple Tips Blood - Sugar Chart Drug - Food Interactions Selfie Addiction Calculator Blood Donation - Recipients Color Blindness Calculator Sanatogen Hearing Loss Calculator Find a Hospital

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2022

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
open close
CONSULT A DOCTOR