It is estimated that over 12,000 Australians have ditched their health insurance since December 2017 because they felt that it wasn’t worth the price.
New data from the Australian Prudential Regulation Authority shows the percentage of Australians with health insurance dropped by 0.2 percentage points in the December quarter to 45.6 percent.
Health Minister Greg Hunt approved a 3.95 percent increase in premiums last month being the lowest since 2001.