The multi-billion-dollar subsidy for private health insurance isn't worth it
- Written by Elizabeth Savage, Professor of Health Economics, University of Technology Sydney
Consumers continue to view private health insurance as poor value for money.shutterstockAlmost 20 years after the 30% subsidy for private health insurance was introduced, premiums continue to rise every year. This comes at a cost to the federal budget – which was forecast at A$6.5 billion in the 2016 federal budget from the subsidy alone.
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