Private health insurers will use New South Wales Labor’s decision to charge them double for public hospital beds as leverage in a renewed push for a 6 per cent increase in premiums for 14 millions Australians next year.
The Minns government on Sunday won a protracted battle with insurers after all 53 private health funds agreed to increase what they pay for their members to use single hospital rooms starting on January 1 next year. It said the move will save the state $140 million annually.
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Michael Smith is the Health Editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
