Private health insurance premium increases explained in 14 charts - 0 views
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Simon Knight on 27 Mar 18For the 11 million Australians with private hospital cover, premium rises are nothing new. The 3.95% average increase on April 1, 2018 will be the seventeenth consecutive year in which insurance premiums have been hiked up. Health insurance premiums have increased by an average of 5.35% per year since 2000, which is significantly more than wage growth, meaning that households are spending a larger share of their income on health care.