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$180 million Health Insurance Merger Proposal Rejected
08/12/2010 - 12:00am

NIB Holdings Limited (nib) announced that it had withdrawn its proposal for GMHBA after failing to win support for its revised $180 million proposal from the Board of the Geelong-based mutual health fund.

nib Managing Director Mark Fitzgibbon said that nib believed strongly that a merger with GMHBA was in the interests of both nib and GMHBA and would help to reduce pressure on premium increases.

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Federal Government takes $300 million dividend from Medibank Private
05/08/2010 - 6:11pm

The Federal Government, has announced its plan to take a $300 million ''special dividend'' from government-owned health fund, Medibank Private and has brought strong criticism from the private health industry.

Martin Laverty, the chief executive of Catholic Health, said the effects of the $300 million taken from Medibank Private would be felt by the all users of private health services.

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Health Insurance Rate Rise 2010
24/02/2010 - 8:35am

Ms Nicola Roxon the Minister Health and Ageing has released confirmation that she has approved an average health insurance premium increase of 5.87 per cent.   This increase is lower than last year of 6.02 per cent.

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Health Insurance Premium Increase 2009
02/03/2009 - 11:35am

Private health insurance premiums will increase by an average of 6.02 per cent from 1 April 2009. Any increase puts pressure on families. However, the Government was determined to restrict increases to the minimum necessary to meet legal requirements, including maintaining the solvency of insurers.

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