HISTORY

A timeline

1976

  • The Australian Government establishes Medibank Private as a not-for-profit private health insurer, operated by statutory authority the Health Insurance Commission.

1997

  • Medibank incorporation legislation passed by the Commonwealth.

1998

  • Medibank transferred from the Health Insurance Commission to the newly established Medibank Private Limited, with the Commonwealth the sole shareholder.

2006

  • Medibank starts offering travel insurance.

2007

  • Medibank starts offering life insurance, and pet insurance soon after.

2009

  • Medibank acquires ahm, a Wollongong-based health insurer.
  • The Australian Government transfers Health Services Australia to Medibank, extending Medibank’s development of preventative and health management programs.
  • Medibank converts to a for-profit entity.

2010

  • Medibank acquires McKesson Asia Pacific, extending Medibank’s expertise in telehealth and healthcare services.  
  • Medibank commences delivery of 1800RESPECT, the national sexual assault, domestic and family violence counselling service, on behalf of the Australian Government Department of Social Services.

2013

  • ahm relaunches as a brand focused on simplicity.

2014

  • The Australian Government announces its intention to sell Medibank via IPO. 
  • Medibank lists on the Australian Securities Exchange (ASX).

2015

  • Medibank launches CareComplete to support people living with chronic conditions. It remains one of the largest chronic disease programs in Australia. 

2016

  • Medibank’s entire investment portfolio becomes tobacco-free upon moving our international equities to a new tobacco-free investment fund.

2017

  • Medibank acquires HealthStrong, which delivers healthcare services within retirement and aged care homes.
  • Medibank launches Live Better*, with a goal to help 1.5 million Aussies get active in mind, body and community by 2022.
    *previously named Free + Active

2018

  • Medibank acquires Home Support Services (HSS), which provides in-home healthcare services.
  • Medibank’s operations certified as carbon neutral.

2019

  • Medibank adopts all private health insurance reforms – including all optional measures – introduced by the Australian Government to provide better affordability, value and transparency.

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