Why private health insurance is a waste of money

Monday 1 April 2019

Health insurance premiums will increase by an industry-weighted average of 3.25% from today, while the base-insurance rebate will decline to 25.06%. From The Australian:

Premiums will rise today by an industry-weighted average of 3.25 per cent… The base rebate will fall to 25.06 per cent for under-65s earning $90,000 or less on a single policy or $180,000 or less on a couples policy.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.