Business
Private health insurance premiums are going up this week. But the reasons why just don’t stack up – The Conversation AU
During the pandemic, there have been fewer claims on private health insurance. So why are premiums going up?
Private health insurance premiums are set to rise on October 1, an increase companies have delayed for six months due to the COVID-19 pandemic.
But 2020 has been a year like no other. And some of the reasons insurance companies are using to justify this price rise dont stack up.
Theseincludeincreasing costs of hospital and health care, more claims, an increase in chronic health conditions, and an ageing population.
At a time when many policy-holders are facing financial stress and many electi…
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