Medibank stays healthy amid downturn

The head of Medibank Private says the organisation continues to grow despite the economic downturn.

Medibank managing director George Sawides says while the boom experienced a few years ago is over, the health insurer has managed 2 per cent growth.

Mr Sawides has told a Senate estimates committee the organisation is doing well.

"The boom years of 2007 are certainly past us now and I think overall we are seeing contraction from about a 5 per cent membership growth of the total sector as an industry," he said.

"Does it have a downside? I think it does but in a cooling market we are enjoying market share growth."

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