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Health Funds and Industry News

09/01/2015 - 2:35pm

Changes to Medicare proposed by the government have not gone down well with general practitioners across Australia.

Despite the the plan's aim to strengthen Medicare to ensure it is sustainable over the coming years, alterations to bulk billing and the subsequent increases in co-payments has left many doctors in a state of dismay.

08/01/2015 - 3:00pm

The government has recently announced a new initiative which asks Australians to think about how healthy their diets actually are and the effect this can have on overall wellbeing.

A new rating system has been introduced, making it easier for the public to better understand how what they eat can effect their health. Assistant Minister for Health Fiona Nash explained the thinking behind this new Health Star Rating system.

07/01/2015 - 1:28pm

The Private Health Insurance Ombudsman (PHIO) has recently released the latest information surrounding its performance, and the wider state of the industry.

The PHIO is a statutory government agency which is tasked with overseeing the health insurance industry and attempting to resolve any ongoing issues between health funds and consumers.

07/01/2015 - 1:27pm

Technology is driving innovation in nearly every commercial sector. Following an announcement by the government that Australia's first digital eHealth facility is now open, it appears even hospitals are following the trend, too.

St Stephen's Private Hospital in Hervey Bay is the first of its kind in Australia, with provisions for up to 96 inpatients and three operating theatres utilising only the most up-to-date and sophisticated eHealth technologies.

The future of health care

22/12/2014 - 12:01pm

Following the floating of Medibank on the Australia Stock Exchange (ASX) in late November, the immediate aftermath seemed to be overwhelmingly positive. The share price reached $2.22 on its opening day, a figure welcomed by investors who managed to buy their stake in the company for the issue price of $2. 

19/12/2014 - 12:06pm

A new calendar year offers a clean slate in many aspects of life. From joining a gym to eating more healthily, many people use the ticking over of the calendar as a means to review.

Whilst you don't have to do anything particularly drastic, making sure that your private health insurance is giving you the best possible coverage should be high on your list of resolutions. Here are a few things to keep in mind:

Make sure your premiums are up-to-date

18/12/2014 - 4:31pm

The government has announced that reinforcing Medicare as 'strong and sustainable' is one of their main aims into 2015.

Following the release of the 2014-2015 budget, there was to be a $7 Medicare co-payment introduced across the country. However, this has now been scrapped. Rather than that ill-received co-payment, the government has plans to introduce a package of new schemes which - it is hoped - will only better Medicare and continue to provide what it describes as 'affordable, world-class healthcare.'

17/12/2014 - 3:10pm

There are a whole host of health funds which can provide you with an even bigger number of insurance products. Putting in the time and effort to find the right one may be something you only do once, but keeping in mind that you have the right to change can be crucial.

26/11/2014 - 4:03pm

After the hype of the Medibank initial public offering, the company officially being listed on the Australian Securities Exchange (ASX) had the potential to be underwhelming, but investor interest has remained high.

Prior to the company going live on the exchange at midday on November 25, much had been made about its share prices, which were collectively valued at at $5.679 billion.

24/11/2014 - 2:02pm

The highly anticipated and much talked about share offering of Medibank has been completed, with $5.679 billion raised from the initial public offering (IPO). The company will officially begin trading on the Australian Stock Exchange at noon on November 25.

Earlier estimates outlined that the government would stand to make somewhere between $4.3 billion and $5.5 billion, but the huge amount of interest has already seen those figures comfortably surpassed.

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