NewsBite

NIB

Advertisement
Private hospitals are closing with operators saying their revenue from private health insurers is not keeping up with rising costs.

Private health insurance premiums tipped to jump as claims rise

Australia’s largest private health insurers say premiums need to rise significantly, but not their own payments to private hospitals.

  • Colin Kruger

Latest

Chris Blake, CEO of St Vincent’s Hospital, Australia said the not-for-profit has been left with no choice but to terminate its agreement with NIB.

Thousands of patients face massive cost hikes as hospitals pull plug on NIB

St Vincent’s Health Australia has given notice to the insurance giant that it will terminate its contract after negotiations broke down.

  • Kate Aubusson
Health Minister Mark Butler announced on Tuesday he had approved an average 3.03 per cent increase across the country’s 31 health insurers.

Private health insurance premiums to rise 3 per cent on average

Health Minister Mark Butler has emphasised the annual increase – which comes into effect on April 1 – is lower than the annual rise in wages.

  • Natassia Chrysanthos
Prudence Cullen: “Amongst my friends and I, mental health was the biggest topic.”

Netflix moment? Millennials and Gen Z at forefront of a healthcare revolution

Private health insurance was in a financial death spiral as the sector struggled to attract younger Australians. The pandemic has changed that.

  • Colin Kruger
Younger, health conscious customers are helping private health insurers keep claims under control.

Private health insurers clash on need for big premium hikes

Despite younger, health-conscious customers helping keep claims under control, Australia’s largest private health insurers are split on the need for a big hike in premiums this year.

  • Colin Kruger
Nib has been focused on growing its reach in the NDIS sector over the past year, Fitzgibbon said.

Nib boss says insurer has a role to play amid NDIS reboot

Managing director Mark Fitzgibbon agrees there needs to be a focus on making the insurance scheme effective and sustainable.

  • Emma Koehn
Advertisement
NIB managing director Mark Fitzgibbon.

Health insurer Nib eyes NDIS opportunity

The health fund is planning a foray into the world of plan management for the National Disability Insurance Scheme.

  • Emma Koehn
NIB.

Nib tips overseas worker boom as profits jump

The chief executive of health fund Nib is expecting a boom in offshore workers as Australia opens up post-COVID.

  • Emma Koehn
Flip insurance startup’s Kathleen Weaver and Chris Borrett. 

Freemiums and on-demand deals: Health insurers revamp to chase the young

Private health funds know that young Australians are disenchanted with their membership plans. Trying to reach Millennials, the sector is turning to new business models.

  • Emma Koehn
Nib FY21

Nib boss warns lockdowns, virus fears equal fewer health treatments

The boss of health insurer Nib has warned that persistent coronavirus lockdowns will result in fewer healthcare treatments across the country, making it difficult for the company to forecast future earnings.

  • Emma Koehn

Original URL: https://www.theage.com.au/topic/nhf-13a