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