Paying a premium

THE cost of private health insurance is jacking up again, but a trip to the chemist will be cheaper for patients with high blood pressure, diabetes, depression, cancer, arthritis or asthma.

Insurance premiums are rising by close to 4 per cent, which will result in Australians paying $200 a year more for their cover.

Health Minister Greg Hunt insists the 3.95 per cent premium rise is the lowest government-approved hike since 2001.