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Health fund rises queried by Minister

Health Minister Nicola Roxon has written to a number of private health insurance funds, querying their proposed premium increases and asking them to review their applications for rises.

She said she had already approved a number of increases, but she was concerned that some applications appeared ‘larger than necessary.’

“I have taken this unusual step because of the importance the Government places on finding a sustainable way to reduce growing pressures on family budgets,” she said.

She nominated the health inflation rate of 4.8% as a benchmark for assessing premium rises.

“While all applications will be considered on their merits, I am determined that premium increases should be the minimum necessary to maintain capital adequacy and solvency requirements,” she said.

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