Hospi­tal-only in­sur­ance is ‘junk’, AMA chief says

The Daily Examiner - - NEWS SPECIAL REPORT -

THE Med­i­cal Tech­nol­ogy As­so­ci­a­tion of Aus­tralia said health fund premi­ums should rise by no more than in­fla­tion next year given the scale of the sav­ings made from cuts to med­i­cal de­vice prices.

Aus­tralian Med­i­cal As­so­ci­a­tion pres­i­dent Dr Michael Gan­non had been cam­paign­ing for an end to junk poli­cies that only cov­ered peo­ple for pub­lic hospi­tal care.

He now says he can live with junk poli­cies as long as peo­ple un­der­stand how lit­tle they cover.

Op­po­si­tion health spokes­woman Cather­ine King said pri­vate health in­sur­ance cov­er­age had slumped to its low­est level in five years fol­low­ing a 23 per cent in­crease an­nual premi­ums un­der the Ab­bott/Turn­bull Lib­eral Gov­ern­ments with fam­i­lies pay­ing around $900 ex­tra a year in premi­ums.

The clas­si­fi­ca­tion of poli­cies into gold, sil­ver and bronze cat­e­gories was just a re­brand­ing ex­er­cise, she said.

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