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Insurers warn of premium hikes after losing NSW bed rate battle

Michael Smith

Private health insurers will use New South Wales Labor’s decision to charge them double for public hospital beds as leverage in a renewed push for a 6 per cent increase in premiums for 14 millions Australians next year.

The Minns government on Sunday won a protracted battle with insurers after all 53 private health funds agreed to increase what they pay for their members to use single hospital rooms starting on January 1 next year. It said the move will save the state $140 million annually.

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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/insurers-warn-of-premium-hikes-after-losing-nsw-bed-rate-battle-20241201-p5kuwe