Navigation Links
Private Health Insurance Policy Holders on the Rise

There has been a remarkable increase in the membership of health insurance companies. The public hospital waiting list cuts is one of the major reasons for it//.

Southern Cross Healthcare, a major health insurance company in New Zealand, has enrolled around 7,500 new members to make a total of 808,000.

According to Claire Austin, Executive director of Umbrella group Health Funds Association, there has been a 1% increase in membership of health insurance companies in the last quarter. She says, "People are increasingly concerned about a lack of ability to access elective surgery from a health system significantly under pressure."

But, with the advent of a fringe benefit tax and rising premiums, the % of policyholders had fallen from 50 to 35. 1,00,000 members quit the Southern Cross Insurance policy in 2003, due to hike in the charges. Some of the members who retained their policy got a double premium especially the aged ones. Southern Cross announced a further hike due to an increase in the cost of surgery and the number of claim per member. Chief executive, Ian McPherson, reports that 29% of the members are above 65 years in age and undergo surgery every year.

Southern Cross Healthcare is a major health insurance company with 60% of the policyholders, Tower has 2,20,000 policyholders, Sovereign has 100,000 and UniMed with around 65,000.

Robin Booth, Canterbury District Health Board member, realized the difficulty of getting elective surgery and took out a private medical insurance of about $12 a week. He wanted the board to encourage people to take private policies, whoever could afford it.

Rising premium had made Joy Pipe, 72, quit her Insurance policy. Unfortunately, later. she was even cut off from public hospital waiting list. Two years back, she was able to move around freely, but since last year she is struggling to even walk about at home due to severe spinal deterioration and pain. This condition , spinal stenosis, is not treated in Canterbury's public hospitals. Ultimately, she had to remortgage her house to meet the surgery expenses.


'"/>




Related medicine news :

1. AIDS Patients Deceived By Private Health Care System In China
2. Copeman Healthcare To Establish Private Clinics
3. Court Orders Private Hospitals To Provide Free Treatment For The Poor
4. Blair Welcomes 11 Private Healthcare Providers into NHS
5. Private Health Care in Canada May Not Be A Distant Dream
6. East London Receives World Class New Private Hospital Facility
7. Private Medical Insurers Rise To Women’s Requirement of ‘Hercepti’
8. Private Public Partnership To Tackle TB, In Karnataka
9. MoH Considering Hiking Fees, Private Institutes Are Worried
10. Controversy over Fees Structure in Private Medical Colleges
11. Controversy Over The Fee Structure In Private Medical Colleges Surfaces Yet Again
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:9/21/2017)... Fort Worth, TX (PRWEB) , ... September 21, ... ... top 50 senior housing operators, announces the acquisition of Isle at Kingwood Assisted ... Isle at Kingwood is an established retirement community with 55 assisted living apartments, ...
(Date:9/20/2017)... ... September 20, 2017 , ... Collins Concrete Coatings announced that ... rely on safety and cleanliness. This unique flooring system uses silver ion technology ... for centuries for its antimicrobial properties. Unlike antibiotics, which kill specific microorganisms, silver ...
(Date:9/20/2017)... (PRWEB) , ... September 20, 2017 , ... ... of the much-anticipated fall event , Look Awesome This Autumn with CoolSculpting®. ... consultations, special pricing and refreshments. , Mirror Mirror Beauty Boutique is Houston’s ...
(Date:9/20/2017)... (PRWEB) , ... September 20, 2017 , ... ... variety of settings, gather for the National Athletic Trainers’ Association Annual Clinical Symposium ... case studies presented. It is also when Athletic Trainers are acknowledged by their ...
(Date:9/20/2017)... (PRWEB) , ... September 20, 2017 , ... ... millions of older Americans at risk of price gouging for their prescription drugs, ... League (TSCL) . “Because Medicare isn’t negotiating on our behalf, there’s no consistency ...
Breaking Medicine News(10 mins):
(Date:9/9/2017)... YORK , Sept. 8, 2017 Dealmed ... largest independent supplier of medical equipment, supplies, drugs, vaccines, ... it has entered into an agreement to acquire Vantage ... equipment based in Holtsville, New York ... specializes in supplying new and emerging medical practices, will ...
(Date:9/7/2017)... Caris Life Sciences, a leading innovator ... of precision medicine, today announced results from two ... molecular profiling approach in guiding therapeutic strategies in ... (CGP+) with Caris Molecular Intelligence ® to ... level, leading to more therapeutic options and improved ...
(Date:9/6/2017)... 2017  Robert G. Szewc, M.D., is recognized by ... recognition of his contributions to the Medical field.      ... at the practice of Kidney and Hypertension Specialists, which ... hypertension solutions. He has worked in this position since ... as well as expertise in kidneys, hypertension, chronic disease ...
Breaking Medicine Technology: