Health fund premium rise of 3.95% lowest since 2001, Greg Hunt says

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Health minister credits prostheses pricing reforms for lower increase but savings predicted to be a one-off

Health fund premiums will get average weighted increases of 3.95% from April, the federal health minister, Greg Hunt, has announced. The rise will mean the average family pays an extra $143 for private health insurance in one year.

On Thursday Hunt said it was the lowest premium increase since 2001 and that last year’s reforms to prostheses pricing had helped to keep premiums down. Prior to the reforms, health funds had been paying out benefits for medical devices and prostheses at a rate up to five times higher than prices charged for the same products in the public system.

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