Industrywide Health Insurance Premiums Increase 4.8% - Broadly in Line with Expectations
The Federal Health Minister has approved an industrywide average increase in private health insurance premiums of 4.84% to take effect April 1, 2017. We were expecting an increase in the 4.5%-5.0% range and endorse the lowest annual increase in a decade. Despite the decade-low industrywide increase, private health insurance premiums continue to grow at a faster rate than wage growth and significantly higher than consumer price index growth. From an industry perspective, we expect private health ...NIB Holdings operates in five segments: Australian Residents Health Insurance, which consists of Co.'s main product offering within the Australian private health insurance industry; New Zealand Residents Health Insurance, which consists of Co.'s main product offering within the New Zealand private health insurance Industry; International (Inbound) Health Insurance, which consists of Co.'s offering of health insurance products for international students and workers; World Nomads Group, which consists of Co.'s distribution of travel insurance products; and NIB Options, which consists of Co.'s facilitation of access to cosmetic and dental treatment both overseas and in Australia.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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