Underlying Momentum Building for Medibank Private Despite a Soft First-Half 2019
The Minister for Health has approved an industrywide average increase in private health insurance premiums of 3.25%, effective April 1, 2019. We were expecting an increase around low 3.0% levels and welcome the lowest annual increase in decades. The slowdown in the rate of annual increase is due to lower claims inflation and lower hospital utilisation rates. Previous industrywide average premium increases were 3.95% for 2018, 4.84% for 2017, 5.59% for 2016, and 6.18% for 2015. Our AUD 2.95 per s...Medibank Private is a private health insurer. Co.'s main business is Health Insurance, whereby it underwrites and distributes private health insurance policies under two brands, Medibank and ahm. Co. has two segments, Health Insurance, which provides private health insurance products including hospital cover and extras cover, as stand-alone products or packaged products that combine the two and also provides health insurance products to overseas visitors and students; and Complementary Services, which include activities such as contracting with government and corporate customers to provide health management services, as well as providing telehealth services in Australia and New Zealand.
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