Australia's largest health insurer Medibank was set to save $24 million from a change to policies made just months before its float, a court has heard.
The Australian Competition and Consumer Commission claimed the health insurer, which listed on the ASX in 2014, misled consumers and participated in a "cynical and high-handed course of conduct" that led to sick customers facing "bill shock".
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Lucille Keen writes on News specialising in Politics, Policy, Industrial Relations. Based in our Melbourne newsroom, Lucille has over six years experience as journalist. Connect with Lucille on Twitter.
