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Posts Tagged ‘Australian Department of Health’

March 29

The Cost of Health Vs. Hope in Australia

Posted by on March 29, 2017 at 8:17 AM

The Australian public spend roughly $28 billion per year on their health, which includes $3 billion on hospitals, $5.5 billion on dental care and $11 billion on medication. Health insurance across the country reaches $21 billion each year and amongst the wealthy countries, we have the third highest reliance on medical products.

The Cost of Health Vs. Hope in Australia

Knowing these details, how much are you paying for your health? Is this a problem that you can rectify or is your health insurance and its costs providing good value for money? We look at the costs of health care and the amount of money being wasted every year on un-proven, un-tested products.

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November 12

Are We Being Ripped off by the $19 Billion Health Insurance Industry?

Posted by on November 12, 2015 at 8:30 AM

Health minister Sussan Ley recently announced that a review of the health insurance industry would be conducted. The industry, which considers 50% of the Australian population as customers, is known for avoiding payment, paying the lowest price where possible and causing many to question its value for money.

Are We Being Ripped off by the $19 Billion Health Insurance Industry?

Australians may feel that their health insurer doesn’t save them money, but actually ends up costing them more when they’re told they’re not covered for something. This has certainly been the cause for much of the uproar across the country and it’s about time the industry stopped breaking deals with its customers. A recent article on News.com.au covering this topic quotes a source (an ex-health insurance employee) as claiming “you end up paying $1,500 per year for extras to claim $200 back”. This was in reference to her recommendation to switch to a no-frills hospital plan as she believes that unless you require a lot of dental, psychiatric, chiropractic services and don’t have extras, anything else is likely to be a waste of money.

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