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Newcastle Herald
Newcastle Herald

The secret tax that will drive up health insurance costs

If you are among the 67 per cent of people in Newcastle with health cover, the Minns government's plan to tax you from next year is bad news for your hip pocket, and your health.

The cash grab will add about $114 to the cost of an average silver health insurance policy next year. In a cost-of-living crisis, the timing could not be worse. Our modelling shows the tax, designed to fix a hole in the government's budget, will cause about 60,000 people to drop their health insurance altogether, forcing them to rely on our overwhelmed public hospital system.

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