Millions hit with private health cover hikes

Health funds’ decision to push forward with this month’s price increases will add more pressure to household budgets. Image: TND, Getty

Millions of Australians face more financial pressure when health insurers raise the price of coverage from November 1.

Health cover will increase for about 5.3 million customers, with nib, HCF and Bupa all upping their premiums by an average of 2.7 to 3 per cent.