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#1
On November 18 in the Australian
http://www.theaustralian.news.com.au/common/story_page/0,5744,11420676%5E2702,00.html
Australian Health Insurance Association chief executive Russell Schneider said it was too early to say whether private health insurance premiums would rise next year.
But he said there had been an 8.1 per cent increase in benefit payouts in the past 12 months and this justified the average 7.6 per cent rise in premiums last year.
Now on November 22
http://dailytelegraph.news.com.au/story.jsp?sectionid=1258&storyid=2266795
Health at a premium
By SUE DUNLEVY
November 22, 2004
THE need for a rise in private health insurance premiums next April is being examined by funds after they paid out a record $7.5 billion in benefits to members.
The Departments of Treasury and Finance have factored future premium rises into their health policy costings, a fact they revealed in their highly critical costing of Labor's Medicare Gold policy during the election campaign.
Premiums rose by an average $150 a family – or 7.6 per cent – in April this year after hospital benefit payouts rose by 8.9 per cent.
The Australian Health Insurance Association has revealed health fund benefit payouts have risen by a further 8.1 per cent to September 30 this year.
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Good to see the pigs have their snouts in the trough
If as a business you are losing money hand over fist then you get out of the business.
Yes its a free market and the market charges what it believes the market can pay. Yet when a government regulation penalises you for not having health insurance then you dont belong in the free market.
If I decide to drink Pepsi why should I be penalised for not drinking Coke?
http://www.theaustralian.news.com.au/common/story_page/0,5744,11420676%5E2702,00.html
Australian Health Insurance Association chief executive Russell Schneider said it was too early to say whether private health insurance premiums would rise next year.
But he said there had been an 8.1 per cent increase in benefit payouts in the past 12 months and this justified the average 7.6 per cent rise in premiums last year.
Now on November 22
http://dailytelegraph.news.com.au/story.jsp?sectionid=1258&storyid=2266795
Health at a premium
By SUE DUNLEVY
November 22, 2004
THE need for a rise in private health insurance premiums next April is being examined by funds after they paid out a record $7.5 billion in benefits to members.
The Departments of Treasury and Finance have factored future premium rises into their health policy costings, a fact they revealed in their highly critical costing of Labor's Medicare Gold policy during the election campaign.
Premiums rose by an average $150 a family – or 7.6 per cent – in April this year after hospital benefit payouts rose by 8.9 per cent.
The Australian Health Insurance Association has revealed health fund benefit payouts have risen by a further 8.1 per cent to September 30 this year.
-----------------------------------------------------------------------
Good to see the pigs have their snouts in the trough
If as a business you are losing money hand over fist then you get out of the business.
Yes its a free market and the market charges what it believes the market can pay. Yet when a government regulation penalises you for not having health insurance then you dont belong in the free market.
If I decide to drink Pepsi why should I be penalised for not drinking Coke?

