The Guardian - New rules designed to simplify private health insurance will leave thousands of consumers facing significant premium increases, the Grattan Institute has warned. From April many of the 70,000 existing private health insurance policies will fall into a gold, silver, bronze and basic classification system, which will also feature “plus” versions of those categories. Thousands of “junk” policies will be scrapped. While the health minister, Greg Hunt, said the landmark reforms would have an overall neutral impact on premiums, Stephen Duckett, a health economist at the Grattan Institute, said some people would be more significantly affected by premium hikes than others. Modelling from Deloitte conducted for the Department of Health...>>>
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