Key private health reforms revealed in the budget, which includes closing a loophole that dissuades people earning more than $90,000 a year from taking out private health insurance, slashing the cost of medical devices and reviewing tax rebates, could dramatically cut the cost of premiums.
Reforms include review of Medicare levy surcharge, changes to medical device pricing, review of private health insurance rebate.
A strong private healthcare system will reduce pressure on public hospitals so they can provide the level of care needed for those without health insurance. These measures will ensure the sustainability of our health system by keeping private healthcare affordable.
To know more about the health and related financial benefits that the recent budget aims to usher in, read the entire article published in the Daily Telegraph here
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