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Monday, 20 August 2001
Page: 29794

Ms Hoare asked the Minister for Health and Aged Care, upon notice, on 4 October 2000:

(1) What is the cost, on an annual basis, of the Government's 30 per cent private health insurance rebate scheme.

(2) Are premium loadings for people who delay taking up private health insurance membership under the Lifetime Health Cover Scheme covered by the Government's 30 per cent private health insurance premium rebate; if so, what is the projected effect on the total cost of the 30 per cent private health insurance rebate of the Lifetime Health Cover scheme premium loadings.

Dr Wooldridge (Minister for Health and Aged Care) —The answer to the honourable member's question is as follows:

(1) The total cost of the private health insurance 30 per cent rebate in 1999-2000 is reported in the Commonwealth Department of Health and Aged Care 1999-2000 Annual Report on page 143.

(2) Yes, age based premiums (base rate premium including Lifetime Health Cover loading) are covered by the 30 per cent rebate. The expectation is that the majority of people over 30 years old who were going to take out private health insurance have done so prior to the Lifetime Health Cover cut-off date. It is anticipated that only a small number of people will be paying the loading in future years, and the impact on the cost of the rebate will be too small to be taken into account separately in the preparation of the estimates.