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Health insurance

This Month

Hospitals are struggling with the rising costs of recruitment, power and food,

Keeping premiums affordable requires modern healthcare

If Labor wants to keep health insurance affordable to take pressure off the public system, tougher reforms are needed to make our health system more efficient and sustainable.

  • Rachel David

Labor rejects 6pc rise in health insurance premiums

Health Minister Mark Butler has rejected a request to lift premiums by 4 to 6 per cent, as Labor tries to quell voter discontent over cost of living pressures.

  • Updated
  • Michael Read

November

Cura runs a string of day surgeries around the country.

Three’s a crowd: Medibank in final furlong for $500m-plus Cura

It’s a straight-up cleaner deal for ICG, which has owned the business previously.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Brad Welsh at the Ranger mine.

A pet crocodile is the least interesting thing about this CEO

ERA chief Brad Welsh has worked in child protection services, the Prime Minister’s Office and shares a house with a baby croc.

  • Peter Ker

October

Medibank chief executive David Koczkar.

Medibank eyes larger MyHealth stake as founder looks for the exit

Street Talk understands the $9.7 billion ASX-listed private health insurance giant will become Myhealth’s largest shareholder

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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August

Brace for higher health insurance premiums, NIB boss says

While increases will stay well short of the super-sized increases in car and home insurance, Mark Fitzgibbon says the days of low premium growth are gone

  • Lucas Baird

July

Bupa names new local chief executive

Nick Stone has been tapped to lead Bupa Asia Pacific, succeeding long-serving chief executive Hisham El-Ansary who stepped down last year after 15 years with the healthcare group.

  • Carrie LaFrenz
Allied Health Australia was once 60 per cent owned by AUB Group.

Worker rehabilitation business up for sale; Greenstone on ticket

No doubt Greenstone’s first port of call would be deal-hungry trade players, looking for market share.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

June

Douglass Cullen.

When it’s worth taking out health insurance as a young person

As the new financial year approaches, tax and personal finance experts say it’s a good time to do the maths on private cover.

  • Lucy Dean
Few insurers are blessed with the capital buffer at Medibank Private, run by David Koczkar (left) and overseen by chairman Mike Wilkins.

Medibank’s $250m hit big enough to scare others into cyber action

Lucky Medibank had a buffer, but the capital charge still hurts shareholders and should be enough to shock other financial services companies into action.

  • Anthony Macdonald
Medibank said no customer data had been taken.

Medibank staff details taken after building manager gets hacked

Medibank employee names, work email addresses and phone numbers were taken after a firm the health insurer works with was hit by the MOVEit cyberattack.

  • Max Mason, Lucas Baird and Nick Bonyhady
Online health companies are selling weight-loss drugs without ever seeing photos or calling the patient.

NIB doubles down on online script bet with $24m investment

The insurer was already the largest shareholder in Midnight Health, and the new funding comes despite a crackdown on digital consultations.

  • Nick Bonyhady
One of the key architects of the NDIS, Professor Bruce Bonyhady.

NDIS participants slam ‘discriminatory’ price gouging in review

NDIS participants say they get charged more than double the cost for the same service an able-bodied person could get from an allied health professional.

  • Gus McCubbing

May

AMP has been fined $24 million for charging dead clients fees.

AMP fined $24m for charging dead clients in watchdog crackdown

And in a separate case, MLC Life was fined $10 million for failing to pay injured and disabled customers for treatment programs they had promised to cover.

  • Hannah Wootton
Medibank initially said no customer data was compromised, but then it received a ransom and proof.

‘I may have to move house’: Fresh Medibank class action launches

Medibank is facing a fresh class action case led by Slater & Gordon, with customers explaining the dramas caused when their private data was published online.

  • Paul Smith
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The one thing you need to do before your kids travel abroad

Getting your offspring to give you power of attorney before they travel or work overseas can help you protect and support them if they are scammed or sick.

  • Duncan Hughes

February

Medibank chief executive David Koczkar sees green shoots after the cyber attack.

‘We were getting 80m attacks a day’: Medibank looks past cyber storm

The health insurer is noticing early signs that customers are starting to move past its hacking disaster and believes it can return to growth.

  • James Thomson
Perth vet Dr Martine van Boeijin.

Martine used to work 60 hours a week. Long COVID changed everything

Martine van Boeijen told a parliamentary inquiry that long COVID saw her go from a “fit, active, career-focused business owner”, to a “house-bound invalid”.

  • Gus McCubbing
Mortgage competition is intense: Bendigo and Adelaide Bank chief executive Marnie Baker.

What we learnt: Bendigo joins banking’s Game of Thrones

Bendigo Bank war-games the profit versus growth conundrum, why NIB’s profit drop is a good thing, and Reliance Worldwide thinks small.

  • Updated
  • James Thomson
Medibank has now returned $1 billion in money it saved.

Health insurers return windfall billions to customers

Bupa, Medibank and NIB Holdings have all put off premium increases in line with their promises not to profit from pandemic.

  • Updated
  • Ayesha de Kretser