CHA's submission to the Private Health Insurance Review
CHA welcomes the opportunity to provide a submission to the Government’s consultation on private health insurance regulation. Private health insurance plays an important role in Australia’s health care system, particularly in funding the 40% of hospital episodes that take place in the private sector, as well as in providing cover for a range of community based health services including dental, optical and physio-therapy services.
At the end of September 2015, over 11.3 million people or around 47.3% of the population were covered for hospital treatment; and around 13.3 million people or 55.8% of the population were covered for general treatment. The proportion of the population with private health insurance has been relative stable (albeit with a slight increase) since the rapid increase in membership in 1999 and 2000.
Rising premiums, reductions to subsidy support and the increasing proportion of policies with exclusions are acting to reduce the value proposition for those who hold private health insurance. Therefore it is timely to review the regulatory and funding framework supporting private health insurance.
Please follow this link to read the submission.