Medibank's premium return welcome - but billions still outst

Medibank's premium return welcome - but billions still outstanding


Australian Private Hospitals Association (APHA)
Medibank’s premium return welcome – but billions still outstanding
Australian private hospitals have welcomed Medibank’s move to return $105 million in premiums to two million members, but billions of dollars in ‘deferred claims liability’ remain hidden in private health insurer’s coffers.
Australian Private Hospitals Association (APHA) CEO Michael Roff said it was good to see Medibank make good on its promise to return unspent funds, now the rest of the industry needed to step up and do the same.
“At the end of March 2021 there was $1.8 billion of unspent members’ funds sitting in health insurers’ accounts – unchanged from December 2020. While some insurers have made moves to return members unspent funds, too few have done so,” Mr Roff said.

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