Yes, savings from increased participation in private insurance outweigh the costs the government incurs by subsidising private health insurance rebates. But rebates can be better targeted.
Governments spend billions of dollars every year to encourage us to take up private cover. But our research shows this does little to reduce pressure on the public system.
On the basis of government appointment technicalities and religious freedom, Americans may lose free coverage for cancer and blood pressure screenings, HIV prevention medication and other essential services.
A sustainable private health insurance system requires enough young, healthy people paying premiums and not making claims. But government policies haven’t achieved this. Here’s what to try instead.
For people with disabilities, prescription drug costs are often layered on top of other health-related costs.
(Shutterstock)
Any pharmacare plan that aims to remove financial barriers to treatment and eliminate inequities should prioritize those who face the highest out-of-pocket drug costs, such as people with disabilities.
Drop, suspend, downgrade or keep? Many people are feeling the pinch and wondering if private heath insurance is worth keeping during the coronavirus pandemic. Here’s what to consider.
New private health insurance data show young people are continuing to drop their cover. But the industry’s argument a youth exodus will put pressure on public hospitals isn’t necessarily right.
Policy changes have failed to stop young people dropping their private health insurance.
Shutterstock
In April, private health insurance premiums will increase by an average of 2.92%. It’s the lowest rise in 19 years but still much higher than wages growth. And insurers still make a healthy profit.
As more young people drop their private health cover, premiums go up for everyone.
Josep Suria/Shutterstock
Young people don’t see the value in private health insurance and are dropping their cover in droves. Allowing under 55s to pay lower premiums, based on their lower risk, could keep them in the system.
After an operation, patients might receive half a dozen bills from different health providers involved in their care.
Smolaw/Shutterstock
Specialists can charge patients what they want, and some doctors charge exorbitant amounts. A handful of services account for almost 90% of all medical gaps.
Having treatment at home is more convenient for patients.
Photographee.eu/Shutterstock
Patients often want the option to be treated at home rather than being admitted to hospital. But it’s much less likely to happen if you’re a private patient.
Many young people see private health insurance as an unnecessary expense.
Yuricazac/Shutterstock
Young people continue to cancel their private health insurance despite discounts to entice them to stay. Instead, we should reduce their premiums based on their likelihood of needing health care.
Honorary Enterprise Professor, School of Population and Global Health, and Department of General Practice and Primary Care, The University of Melbourne