IS PRIVATE HEALTH INSURANCE WORTH IT FOR OLDER AUSTRALIANS?

ABC News - According to the Australian Prudential Regulation Authority, as of December 31, 2018 more than half of Australians aged over 65 had hospital treatment cover.

Earlier this week, the ABC reported on the case of a 78-year-old woman who was turned away from the Hobart Private Hospital.

The family of the woman, who was privately insured, said she was told she was "too old" to be admitted and that it was "outside of [hospital] protocol" to treat her. The hospital has subsequently opened an investigation into the incident.

The case prompted audience members on the ABC Hobart page to ask: "What is the point of private health insurance?" So, is it worth it for older Australians to pay for private health insurance?...>>>