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This Month
Ramsay, Healthscope reject ‘nonsense’ health insurance funding promise
The country’s biggest private hospital operators will push the government to force an increase in the percentage of their premiums paid to them.
Healthscope calls in KordaMentha to prepare its contingency plans
The country’s second-largest private hospital operator has engaged the restructuring experts just days after it failed to pay rent on 11 properties.
February
What we learnt: Coles is thumping Woolies. Does a price war loom?
It was a case of duopolies at war on Thursday, with Coles toppling Woolworths and Medibank Private revealing much better numbers than Ramsay Health Care.
Health insurance premiums to rise 3.7pc in new cost-of-living hit
Health Minister Mark Butler has signed off on an above-inflation hike in private health insurance premiums, the biggest rise since 2018.
What we learnt: Behind the massive share price moves on manic Monday
Investors were brutal in their earnings assessments, leaving nowhere for the disappointers to hide.
Gap in insurer refunds ‘shows need for health fund reform’
Doctors want an independent private health system authority to oversee conflicts between insurers and hospital groups over funding.
January
Health insurers baulk at Labor pitch to expand maternity cover
Changes floated by the Health Department include forcing funds to pay more for hospital-in-the-home programs to take pressure off private hospitals.
December 2024
Health insurers tricking members with secret premium rises: Labor
Health Minister Mark Butler says insurers are exploiting a loophole that allows them to charge hundreds more by replacing products with more expensive new ones.
Insurers warn of premium hikes after losing NSW bed rate battle
Private health insurers have caved to pressure from the Minns government to pay higher hospital bed rates following a protracted campaign.
November 2024
Health insurers warn of closures without 6pc premium hike
Health funds have asked Labor to allow big premium rises as the amount they charge policyholders is not keeping pace with healthcare inflation.
The woman defending the industry everyone loves to hate
Private health insurers are being derided all around, but their chief lobbyist, Rachel David, insists they make our medical system the envy of the Americans and British.
Health insurer NIB warns profit to fall up to 10pc as NZ claims soar
The company’s admission comes a day before submissions are due to the federal government about premium increases for the coming year.
Health insurer salaries in the spotlight as premiums climb
The salaries of Australia’s big health insurance bosses are rising with their profits.
Private hospitals warn of more closures after Labor refuses bailout
Health Minister Mark Butler has told struggling private hospital operators to sort out their own problems and resolve differences with insurers.
October 2024
Healthscope to slug Bupa members $100 extra for hospital stays
Six million Australian health fund members will be forced to pay higher charges to use the services of the country’s second-largest private hospital group.
Insurer HCF bows to NSW pressure on hospital bed rates
Insurers say they are being held hostage by the NSW government which is threatening to hike taxes if they do not pay more to use public hospital beds.
Hospitals says insurance premium hikes will not fix funding crisis
Private hospital operators also call for changes to the way in which the funding insurers contribute to the healthcare system is calculated.
Health insurers have landed in a world of pain, political or otherwise
They’re under fire from parliamentarians and hospitals for making too much profit, and yet are caught in a customer land grab that is shaving away profits.
September 2024
Ozempic alternatives flood the Australian market
The number of Australians taking weight-loss drugs is growing as new medicines hit the market. MPs warn the influx must be managed carefully.
Insurers deny caving in to Healthscope demands
“Out-of-contract payments have not occurred in response to Brookfield and Healthscope’s heavy-handed US-style campaign,” says lobby group.