Private Health Insurance

[alanjjohnstone]

For those who seek evidence to support socialised medicine, Australia’s private health insurance and private health care is in collapse.

https://www.theguardian.com/australia-news/2021/may/20/australias-private-health-insurance-industry-in-a-death-spiral-report-says

For the industry to be salvaged, private hospital costs should be lower, and would be if private hospitals were as efficient as public hospitals, the report says. The report also says that out-of-pocket costs should be lower, and that private insurers pay too much for prostheses, because the way they are priced is opaque and not subject to competitive forces. As a result, premium increases are too great and too frequent.

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