7 July 2017 - Medibank Private boss Craig Drummond has warned that the health insurance sector is at a “critical juncture”, saying the time for policy reform is now, but industry heads say that the volatile political environment dents any hope of change.

Mr Drummond, fresh from a tour of European and US health systems, said affordability concerns were accelerating, adding it was not just a private health insurance issue but one that spread across industries including banks, telecommunications and utilities.

“The issue is more about the ­financial shape of Australian consumers relative to their debt burden,” he said. “We are at a critical juncture and the time to act on reform and change is now, for many industries, before the challenge gets even bigger.

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