Finance & Fury Podcast

Welcome to Finance & Fury, Say ‘What’ Wednesdays! where we answer your questions on finance and economy. Today’s question comes from Mike – ‘Hey mate, loving the show, what’s your view on Private health insurances, I keep seeing my premiums going up and am wondering if you think it is worth having or not’. Thanks Mike! Hikes in premiums over the past few years   Media articles are stating that Australians are dumping their covers ...but are they? Roy Morgan Research – 265,000 Australians have dumped their covers for Private Health Industry body – Private Healthcare Australia say that more Australians have private health than ever An extra 50,000 Australians have taken out covers in 12 months – 13.58 million with hospital, extras or both Up from 13.52 million What is true? The percentages are down, but the number of Australians are up 55.2% in March 2017 to 54.6% in March 2018 Why are people dumping it? Getting too expensive obviously – not enough value in it unless you claim that value back…an