Private Health Insurers Relieved Following Labor’s Surprise Electoral Loss. FVEs Unchanged
The two narrow-moat private health insurers, Medibank Private and NIB Holdings are enjoying a reprieve from onerous Labor party policies following Labor’s surprise election loss on May 18, 2019. The reversal of negative election sentiment resulted in a strong increase in share prices as it became clear Labor’s policy of restricting premium rate increases to 2% per year for two years has been binned. Medibank’s share price increased 12% with NIB Holdings benefiting from a 13% increase. Despite th...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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