Health Department Reveals Rebate Cut Could Add $100 to $300 to Insurance Premiums
Senator Anne Ruston pressed for the release of underlying modelling data behind the Health Department's prediction that 44,000 Aussies could drop insurance.
TL;DR
- Proposed cuts to the private health rebate were discussed by Health and Treasury officials before a Senate committee.
- The Private Health Insurance Amendment (Modernising the Private Health Insurance Rebate) Bill will remove the higher, age-based rebate for those 65 and over from April 1, 2027.
- Currently, older Australians (65-69 and 70+) receive higher rebates than younger policyholders in the same income tier.
- It is projected that 44,000 older Australians could move to the public system due to these changes.