Business
‘A lot left to be desired’: Private health insurers get COVID-19 report card – Sydney Morning Herald
Choice has done a report card on health insurers’ response to the pandemic, pressuring them to give back half a billion dollars saved on unused extras.
Insurers concede they initially saved $515 million on extras services like physiotherapy and $500 million on cancelled elective surgery during the six-week lockdown between March and May, but say this is outweighed by their spending on catch-up procedures and delayed premium rises.
“Over half a billion dollars of these savings have already been returned to members,” Dr David said.
“If the independent regulator’s claims data, due to be released in a few months’ time, shows more savings need to …
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