Private health insurance exodus intensifies as young’uns flee

The percentage of Australians aged between 20 and 28 with private health insurance cover for hospitals fell by 6.9% (33,975 people) in 2018, according to data from the Australian Prudential Regulation Authority. The overall percentage of Australians with hospital cover at the end of 2018 was 44.6%, the lowest level since December 2006, whereas the percentage of over-90s with health cover rocketed. From The AFR:

It’s the fourth year in a row that APRA has reported a fall in rates of hospital cover, from its 2014 peak of 47.3 per cent. The rate is now at its lowest level since December 2006.

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