Health insurance doom loop accelerates

Via the ABC:

The percentage of Australians with basic hospital cover has dropped to its lowest level in more than a decade, as almost 30,000 people dumped their policies in just three months.

The latest Australian Prudential Regulation Authority (APRA) data shows health premiums are still rising faster than wages, and out-of-pocket costs are continuing to bite, just one month after a report stated Australia’s health care system had become increasingly unfair, costly and confusing.

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