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Health insurers face further scrutiny over pandemic premiums
Wednesday December 09, 2020
The Federal Government and competition watchdog will demand evidence that insurers haven’t profited from COVID-19 shutdowns.
Private hospitals were restricted during the pandemic to focus on COVID-19. Photo: ABC
In a report tabled in the Senate, the Australian Competition and Consumer Commission noted that insurers had paid around $500 million less in benefits last financial year.
“While insurers have acknowledged that COVID-19 restrictions reduced their ability to fund hospital and extras treatments, they have publicly committed to returning any profits…
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