Pensioners Could Bear Half the Cost of Labor’s Private Health Rebate Cuts, PBO Finds
Monique Ryan says half of the $3 billion dollars in savings from scrapping private health insurance rebates for over-65s will be paid by pensioners.
Federal MP Monique Ryan will propose an amendment to shield pensioners from a budget measure removing age-based private health insurance rebates for those over 65. A commissioned Parliamentary Budget Office analysis indicates that pensioners might cover approximately half of the government’s projected savings from this change. Ryan argues that pensioners, who have paid taxes and maintained private health insurance, will disproportionately bear the cost of these government adjustments.
- MP Monique Ryan plans to move an amendment to protect pensioners from losing private health insurance rebates.
- A commissioned Parliamentary Budget Office (PBO) analysis suggests pensioners could pay about half the savings from the budget measure.
- Ryan stated these cuts will disproportionately affect those least able to afford them, like age pension recipients.
- Pensioners who have paid taxes and maintained private health insurance will face the brunt of the government’s changes.
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