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The New Daily
The New Daily
Business
Matthew Elmas

Cost of living: Health insurance price hikes to squeeze household budgets

Medibank Australia Bupa
Health insurance premiums are rising faster than wages this year. Photo: TND

Australians are being urged to review their health insurance cover as insurers prepare to pass on higher prices to consumers – adding to the building pressure on household budgets.

Private health insurance premiums will rise by $125 on average in 2022, or 2.7 per cent, according to the latest Health Department data.

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