Aussies Ditching Private Health Insurance Amid Rising Costs
Millions of Aussies are planning to cancel their private health insurance policies as prices have increased by an average 3.7 per cent, the biggest jump in seven years. This will result in a $72 extra annual cost for policyholders. The average monthly premium is set to rise to $160, putting further pressure on household budgets.
- As people struggle to make ends meet due to rising living costs, the decision to abandon health insurance may be seen as a necessary sacrifice, but what are the long-term consequences of sacrificing healthcare coverage during this critical period?
- How can the government and private insurers work together to address the root causes of increasing healthcare costs, such as doctors' fees, without placing an undue burden on consumers?