Health Department Reveals Rebate Cut Could Add $100 to $300 to Insurance Premiums
Senator Anne Ruston pressed for the release of underlying modelling data behind the Health Department's prediction that 44,000 Aussies could drop insurance.
Officials from the Department of Health and Treasury were questioned by a Senate committee about proposed cuts to the private health rebate. These cuts are expected to remove the higher, age-based rebate for individuals aged 65 and over starting April 1, 2027. The Private Health Insurance Amendment (Modernising the Private Health Insurance Rebate) Bill aims to implement this budget measure, potentially leading 44,000 older Australians to shift to the public healthcare system.
- Proposed cuts to the private health rebate were discussed by Health and Treasury officials before a Senate committee.
- The Private Health Insurance Amendment (Modernising the Private Health Insurance Rebate) Bill will remove the higher, age-based rebate for those 65 and over from April 1, 2027.
- Currently, older Australians (65-69 and 70+) receive higher rebates than younger policyholders in the same income tier.
- It is projected that 44,000 older Australians could move to the public system due to these changes.
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