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Insurance funds' separation



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67.5

H E S S STATEMENT BY THE CCEMONWEALTH MINISTER FOR HEALTH, SENATOR THE HON. HAHRIE W. WADE .

INSURANCE FUNDSĀ» SEPARATION

. The M i n i s t e r f o r H e a lth , S e n a to r Wade, is s u e d th e f o llo w in g

s ta te m e n t to - d a y i n r e l a t i o n t o th e d e c i s i o n o f th e M e d ic a l B e n e f i t s Fund o f

A u s t r a l i a t o e x te n d i t s h o s p i t a l in s u r a n c e a c t i v i t i e s t o New S o u th W ales:

My c o n c e rn i n t h i s m a tte r i s to e n s u re t h a t th e p u b li c i n t e r e s t i s

p r o t e c t e d a t a l l tim e s- I have been w a tc h in g th e d is c u s s io n s c l o s e l y a t

e v e ry s t a g e w ith t h i s i n m ind, and I s h a l l c o n tin u e to do s o .

I c a n n o t s e e an y i n d i c a t i o n , how ever, a t t h i s s ta g e , t h a t th e

I '

c o n t r i b u t o r s ' i n t e r e s t s w i l l s u f f e r i n an y way a s a r e s u l t o f th e d e c i s i o n

o f th e fu n d s t o te r m in a te t h e i r j o i n t management a rra n g e m e n t, and o f th e

. M ed ical B e n e f i ts Fund t o e x te n d to New S o u th W ales th e h o s p i t a l in s u r a n c e

s y ste m i t i s a lr e a d y o p e r a t in g i n Q u een slan d and T asm ania. The fu n d

r e q u i r e s no a d d i t i o n a l a p p r o v a l from th e Commonwealth t o p e rm it i t t o e x te n d

i t s o p e r a t io n s i n t h i s way. .

. S hould th e H o s p ita ls C o n tr ib u tio n Fund d e c id e to e x te n d i t s

a c t i v i t i e s i n t o th e m e d ic a l in s u r a n c e f i e l d , a s h a s b e e n i n d i c a t e d i s a

p o s s i b i l i t y , s p e c i f i c Commonwealth a p p ro v a l w ould b e r e q u ir e d . I t i s

s c a r c e l y n e c e s s a r y f o r me to ad d , how ever, t h a t any su c h a p p l i c a t i o n w ould

b e p ro m p tly exam ined. There i s no r e a s o n to e x p e c t t h a t th e H .C .F . c o u ld

n o t su b m it c o n d i tio n s t h a t w ould b e a c c e p ta b le to th e Government.

B o th th e s e fu n d s a r e sound f i n a n c i a l l y and b o th h a v e b e e n w e ll

c o n d u c te d i n th e p a s t . I f a i l t o s e e why th e y s h o u ld n o t c o n tin u e t o

o p e r a te s u c c e s s f u l l y and i n th e f u l l i n t e r e s t s o f t h e i r c o n t r i b u t o r s , i n a

s p i r i t o f h e a l t h y c o m p e titio n .

J u l y 15, 1963