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Men's Weekly

People with private health insurance save the government $550 a year, on average

  • Written by Francesco Paolucci, Professor of Health Economics, University of Bologna, University of Newcastle
People with private health insurance save the government $550 a year, on averagePexels/Andrea Piacquadio

The federal government has, for a long time, encouraged Australians to get private health insurance, in an attempt to reduce the financial burden on the public health system.

To make private health insurance more attractive, the government has a strategy of carrots and sticks. Low-income and older people receive subsidies...

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