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Participating Health Funds

Publication:    The Australian
Date:    17 February 2010
Section:    Health & Science

Health funds profiteering, claims minister

David Uren, Economics Correspondent

Article excerpt:

HEALTH funds say increased consumer use of health services is sending their costs skyrocketing but they are under pressure from federal Health Minister Nicola Roxon, who has suggested they are profiteering. Ms Roxon said yesterday only her intervention was preventing the health funds from raising their premiums "as high as possible". She was responding to claims by opposition Treasury spokesman Joe Hockey that the health insurance industry was competitive and should be able to set its own premiums. Ms Roxon said this would give the health insurance companies "free rein to gouge consumers for as much as they liked".

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