Easing Pressure on
Private Health Insurance Premiums

Easing Pressure on
Private Health Insurance Premiums

We have consulted, listened and acted on prostheses to deliver balanced reforms and ensure we keep private health insurance affordable while maintaining full patient access to medical devices

The Turnbull Government will reduce the cost of thousands of medical devices ranging from pacemakers and lenses to knees and hips by half-a-billion dollars to take pressure off private health insurance premiums for Australians.

Gold Coast MP Steven Ciobo today welcomed reforms to regulations that have seen the cost of some medical devices inflated by thousands of dollars for private patients, which they pay for through higher premiums.

Mr Ciobo said the Turnbull Government’s action was good news for private health consumers on the Gold Coast and the onus was now on private health insurers to pass on lower premium increases to their customers from next year.

“We have consulted, listened and acted on prostheses to deliver balanced reforms and ensure we keep private health insurance affordable while maintaining full patient access to medical devices,” Mr Ciobo said.

“People on the Gold Coast have made it clear to me they don’t feel they are getting the best deal from their health funds.

“Unlike Labor, we have a plan to ensure consumers receive better value from their private health insurance and this announcement is a clear and decisive down payment on further reforms.”

The prostheses reforms provide private health insurers with certainty over a reduction in their costs on medical devices to the tune of half-a-billion dollars over the next six years.

The Turnbull government’s wider reforms to Private Health Insurance include our election commitments to deliver consumers better value for money by weeding out junk policies and simplifying policies so it’s easier to shop around.

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