Private health premium increases might be the lowest in years, but that doesn't mean they're justified
- Written by Nathan Kettlewell, Chancellor's Postdoctoral Research Fellow, Economics Discipline Group, University of Technology Sydney
Those facing large price increases might drop or downgrade their cover.Wayhome studio/Shutterstock
Every year private health insurers raise premiums and every year we rue the hit to our hip pocket. This cycle is heavily regulated: insurers apply to the health minister who must approve premium hikes unless deemed contrary to the public interest....