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The Guardian - AU
The Guardian - AU
National
Natasha May and Jonathan Barrett

Australian health insurers earn $1.3bn more in surplus than two years ago, report shows

Australia Insurance AMA Medibank Steve Robson Bupa The Australian Medical Association
The Australian Medical Association says the value of health insurance is falling relative to profits.
The Australian Medical Association says the value of health insurance is falling relative to profits Photograph: SUPPLIED/PR IMAGE

Australian private health insurers earned $1.3bn more in surplus from hospital premiums this year compared with two years prior, while returning less money to customers, a new report suggests.

The Australian Medical Association on Friday released its 2023 private health insurance report card, which also showed differences between insurers of more than $500 in benefits paid for identical procedures.

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