Coalition con job on Medicare Private.

[DaS Energy]

Coalition wants to sell Medicare Private for $4 Billion. Medicare Private profit for 2013 was $323,741. If Medicare Private health insurance premiums stay as they now are, it would take the new owner 17,167,381 years just to break even. Expect to see huge increases in what we pay for health insurance, and Tony along with Joe jumping up and down with laughter over the huge increases in Medicare Private tax payments that came from our pockets.

[mantra]

The government doesn't want the headache of being responsible for a low profit organisation. Once means testing has been removed - whoever buys Medicare will make a good profit and premiums will skyrocket again as government subsidies increase. Why shouldn't private foreign companies take advantage of our generous funding to help them make a healthy profit? I doubt the government understands or cares about what they're doing.

[IQS.RLOW]

There are around 40 other private health funds - we don't need a govt owned one. It is a waste of resources and not an area govt should be in.

I doubt you understand or care about why you are wrong.

[Rorschach]

If prices go up after medicare private is sold people will opt out. if the rest of the industry also puts prices up more people will opt out and the government will find more people using the public system.

Personally I don't know how low it's prices are or if it effect the costs of others. But if they sell it we'll find out soon enough.think

[DaS Energy]

IQS.RLOW » Sun Feb 16, 2014 12:02 pm
"I doubt you understand or care about why you are wrong"

Did they turn down your application for a twat to replace that little thing you have.

[IQS.RLOW]

I couldn't apply for one. They looked in here, saw you and immediately thought twats were in plentiful supply.

[DaS Energy]

Why did they look if you didn't apply?

[DaS Energy]

If prices go up after medicare private is sold people will opt out. if the rest of the industry also puts prices up more people will opt out and the government will find more people using the public system.

Personally I don't know how low it's prices are or if it effect the costs of others. But if they sell it we'll find out soon enough.think

Medibank is an Australian government-owned private health insurer, established under the Fraser Government in 1976 through the Health Insurance Commission (now known as Medicare Australia). It is Australia's largest health insurance provider with 3.6 million members, 30% of the market, under two brands. Its managing director since 2002 has been George Savvides.

Medibank was set up to provide competition to private "for-profit" health funds. Although government owned, the fund has operated as a government business enterprise since 2009, operating as a fully commercialised business paying tax and dividends under the same regulatory regime as do all other registered private health funds. Highly regulated regarding the premiums it can set, the fund was designed to put pressure on other health funds to keep premiums at a reasonable level. Privatisation was again Liberal party policy at the 2013 election, which the Coalition won. However, public perception that privatisation would lead to reduced services and increased costs makes privatising Medibank a "political hard sell