Health insurance crisis looms

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Medibank Private’s chief customer officer David Koczkar and NIB Holdings MD Mark Fitzgibbon have stressed the need to reign in rising costs in Australia’s health care system, which is slowly being crushed by rising claims. From The Australian:

“There has never been a more urgent time for further reform to drive down the cost of healthcare in Australia,” Medibank chief customer officer David Koczkar said…

“We can no longer ignore that we are paying up to three times the price for some medical devices in the private system when compared to the public system, or that prostheses prices in the Australian private hospital setting are among the highest in the world”…

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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.