Today average Private Health insurance Premiums increased by 2.74 percent under the Liberal Government, or by an average $126 for Australian families.
Some funds and policies are set to rise by much more, by as much as 10 percent.
This increase is more than three times as large as prices generally and almost twice as large as average wage increases.
During a global pandemic and when Australian families are trying to recover from the first recession in three decades and the worst recession since the great depression, they are being faced with more insurance premium hikes that the Morrison Government refuses to address.
It is no wonder that for the fifth year in a row, the number of Australians covered by private health insurance has fallen.
Even though the Private Health Insurance Act gives Health Minister Hunt the power to reject premium increases that “would be contrary to the public interest”, Mr Hunt has refused to act.
Minister Hunt must explain to Australian families why during a global pandemic another 2.74 per cent average increase in health insurance premiums is in the public interest.