An ongoing Roy Morgan survey has found 256,000 Australians who have had health insurance at one point in their lives did not renew it in the year before March 2018, up from 182,000 the previous year.
With the latest 3.95 percent premium rise in April, policyholders have been slugged with a cumulative 70 percent price rise since 2008.
Roy Morgan analyst Norman Morris said, “There is major doubt among many members regarding the current value to them of retaining their private health insurance.”