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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. ....

Michael Roff , National Cabinet , Australian Private Hospitals Association , Private Hospitals Association , மைக்கேல் ரோப்ப் , தேசிய மந்திரி சபை , ஆஸ்திரேலிய ப்ரைவேட் மருத்துவமனைகள் சங்கம் , ப்ரைவேட் மருத்துவமனைகள் சங்கம் ,

Covid-19 payday for Aussie health fund members


Covid-19 payday for Aussie health fund members
Excess profits from the Covid-19 surgery ban will be returned to a million members of a major Australian health fund.
Business
by Sue Dunlevy
Premium Content
Subscriber only
Exclusive: Excess profits from the Covid-19 surgery ban will be returned to a million members of a major Australian health fund from next month.
Health fund HBF will give its members cash payments of up to $140 in July as it returns revenue it did not spend as a result of its members using fewer services due to Covid-19.
The payout will cost the fund $42 million and it s a move CEO John Van Der Wielen said was the right thing to do . ....

Mark Fitzgibbon , Australian Private Hospitals Association , Van Der Wielen , Covid 19 , குறி ஃபிட்ஸ்‌ஜிப்பந் , ஆஸ்திரேலிய ப்ரைவேட் மருத்துவமனைகள் சங்கம் ,