Navigation Links
Health Insurance Claims Top $2 Million Mark
Date:2/27/2009

Leading heath insurance fund Medibank Private has released a list of the most expensive benefit claims made by members.

Melbourne, VIC (PRWEB) February 27, 2009 -- A hospital bill of $364,859 for complex bowel surgery heads the annual Medibank Private "Chart Toppers" list of the most expensive health insurance benefit claims made by members of the fund.

The bowel surgery claim, costing 20 per cent more than last year's most expensive claim, helped push the total value of Medibank Private's top ten claims for the year (to 30 June 2008) to almost $2.4 million.

Second on the Chart Toppers list was a claim for neurosurgery which came in at $276,595. Third place was for 469 days of neonatal hospital care for which Medibank Private paid a benefit of $256,451 on behalf of the baby's parents.

Overall the number of very high cost claims on hospital cover has leapt, with Medibank Private covering 73 per cent more claims over $100,000, which increased from 86 to 149 during the period.

Medibank Private Industry Affairs Manager, Craig Bosworth, says the rising number of high cost claims indicates that the private health sector is increasingly carrying the burden of an ageing population and the complex, technologically intensive hospital care older people often require.

"The Medibank Private Chart Toppers list shows that providing quality healthcare is very expensive. With eight of the top ten claims for people aged 54 or over, it also illustrates that private health insurance is not just for elective surgery lumps and bumps, and members are increasingly using their private health insurance to cover themselves for the cost of complicated and potentially life saving surgery.

"Traditionally the high end surgeries would be borne by the public system. Now we are seeing people electing to use their private health insurance for these types of procedures, and enjoying the clear benefits it brings. These include choice of doctor, choice of hospital, and greater control over how soon the surgery can occur.

"This trend has been reflected in Medibank Private's hospital admission figures for 2007/08, which grew by 8 per cent over the previous year. In total we funded 810,000 hospital admissions, and as the Chart Toppers list shows, some of these are very expensive.

"Clearly the only way for most Australians to afford these type of medical procedures in a private hospital is with private health insurance", Mr Bosworth observed.

During 2006/07 Medibank Private spent $2.13 billion in benefit payments for hospital treatment. Overall the fund paid out $2.9 billion in hospital and ancillary benefits, an increase of 8.7 per cent on the previous year.

About Medibank Private:
Medibank Private is the largest Australian-owned provider of private health insurance covering more than three million people. Medibank Private offers health insurance to all Australians through retail and corporate products, as well as catering for overseas students and visitors.

Medibank Private has a 'Members Choice' network of contracted health providers consisting of over 449 private hospitals and day surgeries and 4,038 ancillary providers nationally. It has approximately 1,500 staff and 105 retail centres nationally, a national call centre and online access at www.medibank.com.au.

###

Read the full story at http://www.prweb.com/releases/health-insurance/private-health-insurance/prweb2187864.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. U.S. Preventive Medicine(R), ParkwayHealth Sign Affiliation Agreement to Jointly Deliver Preventive Medicine Services in Asia
2. CWA Commends Obama Administration Steps Toward Universal Health Care
3. APHA Applauds Inclusion of Health Reform Fund in Presidents Budget
4. AMN Healthcare Announces Fourth Quarter and Full Year 2008 Results
5. Susan G. Komen for the Cure(R) Advocacy Alliance Applauds Obama for Commitment to Health Reform, Cancer Research, in Budget Blueprint
6. Virtua Health Receives Approval from NJHCFFA to Sell Tax-Exempt Bonds
7. Universal Health Services, Inc. Reports Significant Increases in 2008 Fourth Quarter and Full Year Earnings from Continuing Operations Per Diluted Share and Reports 2009 Guidance
8. Partnership Applauds President for Shining Light on True Cost Driver in Health Care - Calls on CBO to Join the Effort
9. Troubled Economy Impacts Providers of Specialized Health Care Services for Children
10. AMERIGROUP Foundation and Union City Board of Education Announce Winners of Word About Health Contest
11. Statement by American Heart Association President Timothy Gardner, M.D. in Response to Health Proposals in President Obamas Budget
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... ... May 26, 2016 , ... W.S. Badger Co. ... been honored with a 2016 When Work Works Award for its use of effective ... the national When Work Works project administered by the Families and Work Institute (FWI) ...
(Date:5/26/2016)... ... May 26, 2016 , ... Intalere, the healthcare ... suppliers for its inaugural Member Conference at the Paris Hotel in Las Vegas, ... operational health of America’s healthcare providers. , The conference was highlighted by the ...
(Date:5/26/2016)... , ... May 26, 2016 , ... Connor Sports, ... basketball as a partner for the Tamika Catchings Legacy Tour that will ... industry leader in hardwood basketball surfaces in all forms and levels of the game, ...
(Date:5/26/2016)... ... ... The Woodlands at John Knox Village , Florida’s first Life Plan ... and healing, celebrated its grand opening, today. The Woodlands at John Knox Village is ... Staff. , “This is an incredibly fulfilling time for John Knox Village as we ...
(Date:5/26/2016)... ... May 26, 2016 , ... There are nearly 14.5 million people living ... survivors worldwide. On Sunday, June 5, 2016, communities around the world will gather to ... , National Cancer Survivors Day® is an annual worldwide Celebration of Life that ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... PARIS , May 25,2016 ... with the near-infrared Cellvizio platform for urological and ... MKEA, OTCQX: MKEAY) inventor of Cellvizio®, the multidisciplinary ... important regulatory milestone in the US with the ... Food and Drug Administration (FDA). This new FDA ...
(Date:5/25/2016)... and GERMANTOWN, Maryland , May 25, 2016 ... ; Frankfurt Prime Standard: QIA) today announced that the company ... Diagnostics GmbH to develop and commercialize predictive assays in oncology. ... as a marker to predict effectiveness of anthracycline treatment in ... "We are pleased to partner with Therawis, which developed the ...
(Date:5/25/2016)... May 25, 2016 According to ... Development, Growth and Demand Forecast to 2022 - Industry ... and Others)" published by P&S Market Research, the global ... in 2015, and it is expected to grow at ... the insulin pump segment is expected to witness the ...
Breaking Medicine Technology: