Business
‘Industry under pressure’: Private health premium rise hits 20-year low – Sydney Morning Herald
Australia health insurers and private hospitals will need to continue cutting costs to protect profit margins after the federal government on Monday approved the…
Citi analyst John Deakin-Bell said Monday’s announcement confirmed margins in the private healthcare industry will remain under pressure as Australia’s ageing population pushes up the costs of hospital claims by at least 3 per cent a year.
Youre going to need to find some further cost savings so margins dont decline, thats really the bottom line for the insurance industry, he said.
Hospital operators such as ASX-listed Ramsay Health Care will get about half of the premium increase while facing costs…
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