Posted by Michael Wonder on 17 Jul 2018
Private health insurance rankings to give consumers more information about coverage and benchmarks
16b July 2018 - Private health insurance premiums will be ranked in a bid to help consumers figure out exactly what they are paying for, from April next year.
The Federal Government has unveiled the new categories — gold, silver, bronze and basic — for the more than 70,000 private health insurance policies around the country, held by about 13 million Australians.
Federal Health Minister Greg Hunt argued the measure would give consumers more information about their coverage, and set benchmarks for the minimum services that would be offered under each policy regardless of insurer.
