Health insurer NIB has a $200 million war chest to expand further into the National Disability Insurance Scheme sector, brushing aside concerns that government funding could be curtailed to ease growing pressure on the federal budget.

This month NIB agreed to buy the seventh-biggest National Disability Insurance Scheme plan manager, Maple Plan, and expects to raise $150 million through an equity capital raising to put towards further acquisitions. Adding $50 million of debt would take the kitty to $200 million, chief executive Mark Fitzgibbon said in an interview with BOSS.