Private Healthcare Australia’s Post

Health funds are working hard to keep health insurance affordable for Australians contributing to their own healthcare. They are also delivering new models of care to make healthcare more convenient via telehealth and home delivered services and medicines. While private hospitals have had a challenging period, their revenue is rapidly accelerating this year. Health funds are assisting private hospitals, but they will not do anything that drives up the cost of health insurance in a cost-of-living crisis. Our CEO Rachel David details why it would be short sighted to raid health funds to prop up hospitals in today's The Australian Financial Review: https://lnkd.in/ghVXD6Du

Anthony Keane highlights that many Australian’s are paying the Medicare Levy Surcharge (MLS) when they don’t need to. The MLS encourages those on higher incomes to take out health insurance. Using the the private healthcare system helps take pressure off public hospitals, freeing up important services for those most in need. Private health insurance also provides peace of mind around fast access to high quality care with doctor of choice. Health is unpredictable so it is important to take the time to talk to the health fund about what level of cover is needed. The not for profit and member owned health insurers always put people first - not profits - so are an excellent source of advice and information for anyone thinking about health cover. Members Health Fund Alliance #memberowned #mhfa #notforprofit #peoplenotprofits #healthcare #healthfund #healthinsurance #medicare

Why pay extra tax when you don’t have to. Yes there are premiums to pay on Private Health Insurance but often they will be less than the surcharge if you have to pay that. AND you get all the advantages of having cover in place for when/if you need it. #makessense #healthinsurance

Influential healthcare organizations⚕️like the Federation of American Hospitals, AHIP (America's Health Insurance Plans), and Blue Cross Blue Shield Association have formed the coalition "Keep Americans Covered”, which is preparing to lobby Congress👩⚖️🧑⚕️to extend the boosted Obamacare subsidies provided under the Inflation Reduction Act (IRA). This lobbying push is critical because if the subsidies expire, millions of Americans using the Obamacare marketplace could face steep premium hikes, jeopardizing their ability to afford health insurance. The subsidies were initially increased through the American Rescue Plan in 2021 and later extended via the IRA until 2025. These subsidies are essential for making health insurance affordable, particularly for low-income individuals and middle-income earners, who often struggled to afford coverage before these subsidies🏥🏥. On the other hand, Conservative lawmakers have criticized their high cost, projected at $335 billion 💵💵over the next decade, advocating for the expiration of the subsidies. 🇺🇸🇺🇸The outcome of this debate will significantly impact millions of Americans’ access to health care and the financial stability of health entities reliant on insured patients.🇺🇸🇺🇸 #understandbothsides #healthinsurence #congress Alister Martin

As Kenya transitions from the National Health Insurance Fund (NHIF) to the Social Health Insurance Fund (SHIF), significant changes are underway in the healthcare landscape. The Ministry of Health has confirmed that no patients will be detained in hospitals during this migration, ensuring continuity of care for those admitted under NHIF before September 30. With major hospitals like Kenyatta National Hospital and Moi Teaching and Referral Hospital already operational under SHIF, this shift aims to enhance healthcare access for all Kenyans. Read more about the implications of this transition and the hospitals involved in our latest article. https://lnkd.in/ea9-gbNz

#Catastrophic Health Expenditure: Progressive Health Insurance #Policies As a #nation, we cannot ignore the significant impact that catastrophic health expenditure has on pushing families below the poverty line. The burden of high healthcare costs is a harsh reality for many households, particularly in low-income countries like us, where access to quality healthcare can mean the difference between financial stability and destitution. We must advocate for and implement supportive policies for health insurance schemes that cater to the needs of all individuals, regardless of their socioeconomic status. Progressive public and private health insurance initiatives can offer a viable solution to mitigate the financial risks associated with healthcare expenses and ensure that no family is left behind due to an unexpected illness or injury. Imagine a healthcare system that prioritizes affordability, accessibility, and inclusivity. Investing in comprehensive health insurance coverage not only benefits individuals and families but also contributes to the overall #economic development and stability of our nation. #Champion the cause of progressive health insurance #policies and create a healthcare ecosystem that leaves no one behind.

Can Leveraging Social Capital Enhance Consumers’ Experience With Health Insurance? - Anjali Nambiar, Sowmini G Prasad Universal health coverage is a crucial goal for many developing countries, including India, to ensure access to quality health services without financial hardship. Governments, including India’s, are creating health insurance programs for healthcare and financial protection, while community-based health insurance programs support poorer populations. However, these programs face challenges. Demand-side issues like behavioral biases impede insurance uptake. Supply-side issues, such as provider incentives, affect service provision quality. These challenges impact consumers from enrollment to renewal. While program design tweaks or integrated healthcare models might help, this blog explores how social capital can address some of these issues. Click here to read more: https://lnkd.in/dmtSEQt5 #HealthInsurance #SocialCapital #UniversalHealthCoverage #Healthcare #India #CommunityHealth #PolicyResearch #FromArchives

Check out my latest long-form piece for Spotlight, which discusses how the NHI might proceed over the coming years. After speaking with a range of stakeholders, I outlined three possible scenarios: Scenario 1: The NHI proceeds according to the health dept's plans - The NHI board gets established this month - The NHI Fund is established sometime after 2026/2027 - NHI begins covering primary healthcare services once the fund is established. - Hospital services will be financed sometime after primary healthcare - Full implementation takes decades - Once full implementation is done, medical schemes wouldn't be able to cover services financed by the NHI, so practically everyone will be on the NHI. Scenario 2: A hybrid model emerges - Certain parts of the NHI Act get amended, like section 33. - This means that the NHI can get rolled out without replacing private medical schemes (the two will co-exist). - People who need state-funded medical cover will be financed by the NHI, while others will retain their private medical insurance. - Business leaders are pushing for a social health insurance model alongside this (which effectively means that larger segments of society are put on private medical schemes) Scenario 3: The NHI fails - The NHI requires an enormous amount of money to work, since it's supposed to purchase healthcare services for everyone across the country. - Economists that I spoke with (including an ex-treasury official who oversaw public finance) think that the state is unable to raise the revenue needed to support that kind of expenditure - They argue that the result is that the health dept will begin setting up the NHI (e.g. it will appoint staff and maybe start purchasing a few services), but nothing much will happen beyond that - Over time, the whole plan fades into history like several other aborted state interventions (e.g. e-tolls). Full article: https://lnkd.in/eF6RUPfZ

We all love our NHS 💙 but let’s face it, it’s not in great health at the moment. Over 60% of the UK population have shown a dissatisfaction in the length of time to see a GP or to be referred for specialist & hospital treatment 🏥 As a result more people are turning to private health insurance as an alternative. Health insurance offers patients fast access to tests and treatments and provides care that’s not always available on the NHS 🚑 Waiting around for tests and treatment can have a negative impact on our personal and professional lives 😕 Insurance companies have introduced new options which means theres a level of cover to suit all budgets. Even the basic cover allows you to see a GP quickly and bypass lengthy NHS waiting lists for treatment 🚀 Request a free quote today and we’ll compare leading insurers to find the best deal 🔍 Protect you, your family’s or your employees health by hitting the link below👇🏻 🌍 https://lnkd.in/etjhfEWC #privatehealthcareuk #health #ukhealthcare #privatecare #healthinsurance #care #private #healthinsuranceuk #privatehealthcare #business #businesshealthinsurance #businesshealthinsuranceuk #comparehealthinsurance #insurance

One insurance company alone removes $60 million a day from healthcare for their shareholders, bond holders, executives, bureaucrats and their patron politicians. In total, the highly subsidized American health insurers take $100 M a day returning zero value with improved little access, diminishing clinical outcomes and increasing costs for most Americans. The solution is to make health insurers profit-capitated utilities instead of luxuries it’s called the private Bismarck Healthcare Model and it works in Germany, Switzerland, Netherlands and Japan with better access, outcomes and costs than America.