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Australian Health Insurance Premium Increase Comes Into Effect

Starting April 1st 2011, private health insurance premiums in Australia are set for an average cost increase of 5.56 percent across the board. The average premium for families is due to rise AU$2.88 per week and Australians are projected to cumulatively spend an extra AU$821 million per year for their private health insurance options. Individuals will pay around an additional AU$75 annually and combined…

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Record Growth in Australia's Private Health Insurance Market

Australia's public health system, Medicare, provides a substantial cover of healthcare treatment. However the public health system is currently under threat. There is a shortage of medical staff, hospital beds, and medical facilities such as brain scans. Patients under the public health system are therefore having to endure considerably long waiting lists. Medicare was introduced in 1983, allowing…

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