Media releases

February 4, 2002

Medibank Private communication: premiums

Medibank Private has made a submission to the Federal Government relating to premiums for the 12 months from April this year as part of the annual, industry-wide premium review.

Medibank Private last increased its premiums in June 1999 when rates went up by an average of less than 2 per cent.

Private health industry premiums are reviewed annually on an industry-wide basis each March/April.

The details of Medibank Private's 2002 rate submission are commercially in confidence. Any change to the fund's rates will be communicated individually to members at such time that the government approves rate changes.

Medibank Private said it would not be in a position to make any public comment until the official review process is finalised in March/April.

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