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Terence C. Cheng, Associate Professor, Centre for Health Economics, Monash University

Private health insurance premiums will rise 4.41% this year. But is it justified?

ArtistGNDPhotography/Getty Images

Around 15 million Australians with private health insurance will pay more from April 1, after the federal government approved a 4.41% average premium increase, the largest in nine years.

For a typical family, that means several hundred dollars more a year, on top of a household budget already stretched by rising rents, energy prices and grocery costs.

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