Yesterday the Govt tried to quietly announce that they had approved a 4.41% average increase in private health insurance premiums. The largest increase in 9 years.
Cost of living pressures are already biting hard, and I regularly hear from people who have paid PHI for decades, but still face huge gap fees when they need treatment.
Meanwhile, some of the biggest insurers, including Medibank and Bupa, have posted climbing profits.
How will Australians benefit from this record rise?
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