The health insurance sector is at a "tipping point", according to Medibank chief Craig Drummond and the industry along with the federal government must act to ensure private cover is affordable.
Speaking after Medibank's annual general meeting, Mr Drummond said there was already evidence of policyholders downgrading their level of cover across the industry.
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Catie Low covers the retail and consumer goods sectors. Connect with Catie on Twitter.
Jessica Gardner is Deputy editor - News. She has previously edited the Companies and Markets section. Connect with Jessica on Twitter. Email Jessica at jgardner@afr.com
