Nib reveals profit on the back of people flocking to private healthcare

Mark Fitzgibbon said pressure on the public health system was driving people to private health insurance. Picture by Marina Neil

Extreme pressure on the public healthcare system is driving people towards private health in droves, which Hunter-based health insurer nib is behind its "strong profit growth" in the past 12 months

The company saw its post-tax profit jump by 67.4 per cent to $181.6 million and the total group revenue increased to $3.3 billion, up more than 9 per cent on the previous financial year.