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Participating Health Funds

Publication:    news.com.au
Date:    20 May 2009
Section:    Money
   

Health fund premiums could rise $230 a year

Article excerpt:

PRIVATE health fund premiums could skyrocket by an extra $230 a year as health ministers debate whether insurers should pay the full cost when their members use a public hospital bed. Federal Health Minister Nicola Roxon says it's time to look at whether health funds should have to increase the amount they pay when their members use a public hospital bed.

Health funds currently pay just $310 a day when their members use a public hospital bed, that's a discount of up to $490 on the true cost of providing such a bed, a spokeswoman for  NSW Health Minister Reba Meagher said. But health funds claim if they had to pay the full cost for a bed it would drive up premiums.

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