Private health system in a 'death spiral', says expert, but what can be done to save it?
The symptoms being described are clear: the rising cost of hospital treatments is leading to higher health insurance premiums which people - particularly young ones facing anemic wage growth - can't afford to pay.The Grattan Institute health economist Stephen Duckett is more blunt, saying the trend has put the private system into a "death spiral" and that urgent surgery is required to save it.
The OECD has called on the Mexican government to urgently reform its health system, which it says is “fragmented, inefficient and unresponsive.” In its first review since Mexico introduced publicly- funded universal health insurance ten years ago, the OECD said that modernisation must start now and that
See health coverage choices, ways to save today, how law affects you. HHS.gov A federal government website managed and paid for by the U.S. Centers for Medicare & Medicaid Services.
Health funds strong-armed by the government into rising their membership fees by the lowest annual rate in 19 years have called for "urgent" industry reform to help them deal with their rising costs.
Health minister Greg Hunt on Saturday said health insurance premiums would increase by an average of 2.92 per cent next April, after rejecting the funds' proposal for averages hikes of 3.5 per cent.
The smallest annual increase since 2001 will come as a relief for consumers, whose wages are only growing at 2.2 per cent annually and have been dropping out of the private system because of affordability.
Inquest into death of 'Porsche kid' Bret Capper finds 'intolerable pressure' on prison counsellors
The coroner who examined the suicide of a notorious Perth criminal once dubbed the "Porsche Kid" calls for an urgent increase in the number of prison counsellors to reduce "intolerable pressure".Bret Lindsay Capper, 43, died in hospital two days after barricading himself in a day room at Hakea Prison in January 2016 and trying to kill himself.
Modeled after the best features of Medicare Part D and the Federal Employees Health Benefits Nonetheless, the balance of the HI trust fund is a telling “marker” of Medicare’s financial health . Without serious structural reform , there are two broad options for Congress and the Administration to
Private health insurance changes 'will lead to premium hikes '. The government has also set up a new rating system to make it easier for people to choose private health cover. Drummond said the government ’s reforms will lead to lower increases in premiums for many customers and offer them
But insurers say they are being squeezed by hospital claim costs which are rising faster than their revenue and an exodus of younger people from the private system, which has been likened by some as akin to a "death spiral".
In light of the decades-low premium increases, Medibank chief customer officer David Koczkar said there had "never been a more urgent time" for industry reform.
"We must do more to reduce and eliminate unnecessary costs in the health system," Mr Koczkar said.
"This includes reducing procedures that have no effect, cause harm or are not worth their cost, shifting to more out-of-hospital care, addressing out-of-pocket costs and delivering further prostheses reform."
Medibank, the country's largest private heath insurer and which paid $5.4 billion in benefits last year, was doing its part to improve affordability through a five-year, $90 million cost-saving drive, Mr Koczkar.
Commonwealth Bank issues urgent warning over phishing scam hitting customers' inboxes across Australia
Commonwealth Bank issues urgent warning over phishing email scam. The scam was found on November 29 by anti-virus software company Mailguard. Customers get an email asking them to verify recent transactions on their card. Customers who click on the transaction details link are taken to a bit.ly page address by 'commbonk'.When they login, they instantly give cyber-criminals access to their bank details. A Commonwealth Bank spokesman said despite all the resources it has dedicated to stopping scams, some 'may still occur'.
The healthcare reform debate in the United States has been a political issue focusing upon increasing medical coverage, decreasing costs, insurance reform , and the philosophy of its provision, funding
The Electoral Commission has called for urgent reforms to electoral law after a series of online political campaign scandals, acknowledging concerns that “ Urgent action must be taken by the UK’s governments to ensure that the tools used to regulate political campaigning online continue to be fit
Mark Fitzgibbon, managing director of nib, said that he was mindful of growing consumer concerns around affordability and value.
“Still, the reality for both private health insurance, and the healthcare industry as a whole including government who fund the lion’s share of our nation’s healthcare, is that the cost and frequency of medical treatment is rising," he said.
"While this means consumers are receiving the treatment they need... it does place pressure on claims' costs."
Health fund lobby group Private Healthcare Australia's chief executive Rachel David said 88 per cent of insurer premium increases over the past 10 years was driven by claims cost growth.
The funds have been pushing for reform to lower how much they pay for medical devices and want to make insurance more attractive by being able to pay for members' medical costs outside of hospital, such as longer GP appointments and "hospital in the home" treatments.
Lunchtime ASX small cap wrap: Who’s keeping things a little (too) fresh today? .
Here at Stockhead, we understand the appeal of keeping your vehicle smelling fresh and clean. But the application of in-car air fresheners — like (almost) anything — is best done in moderation.