12 June 2016
Government private health insurance announcement a win for consumers
"Today’s announcement that a re-elected Turnbull government will act to make private health insurance more transparent and easy to understand is a big win for consumers and will benefit the wider health system," CHA CEO, Suzanne Greenwood said today.
“Private health insurance plays an important role in Australia’s health system. With around half the population being covered by private health insurance, it is vital that consumers have a good understanding of what they are covered for.”
“The range and complexity of health fund products, including the options for exclusions and limitations, means that the vast majority of consumers do not understand the scope of coverage of their insurance product.”
“When consumers do need hospital treatment, many can be disappointed to find that they do not have the level of cover they thought and face the prospect of significant out of pocket costs.”