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Latest PHI figures show 30 per cent rebate vital to the future of private health insurance.



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Media release

 

The Hon Dr Michael Wooldridge

Minister for Health and Aged Care

 

MW 015/99

19 February 1999

 

LATEST PHI FIGURES SHOW 30 PER CENT REBATE VITAL TO THE FUTURE OF PRIVATE HEALTH INSURANCE

 

The latest Private Health Insurance Coverage figures showing a 0.2% fall in the last quarter of 1998 demonstrate yet again the importance of the Federal Government’s 30 per cent rebate on Private Health Insurance. Dr Michael Wooldridge, Federal Minister for Health and Aged Care said today.

 

Dr Wooldridge said these latest quarterly figures did not reflect the impact of the 30 per cent rebate on private health insurance — a rebate which amounts to a 30 per cent cut in the cost of private health insurance that came into effect on 1 January 1999, just after these figures were collated.

 

Dr Wooldridge said the full effect of the 30 per cent rebate will not be able to be fully assessed for at least 12 months and he urged the private sector to work together to make the most of the opportunities created by the Federal Government’s reforms over the last three years.

 

 

Media Contact: Kay McNiece, Dr Wooldridge’s Office 02 6277 7220

 

 

 

LK