WHAT DO WE ACTUALLY USE IT FOR?
In the year ending March 2015, private health insurance funds paid over $17.6 billion for treatments including;
$13 billion of hospital treatments ($8 billion in private hospitals)
$4.5 billion of ‘extras’ health services including; $2.3b for dental, $778m for optical, $377m for physiotherapy, $287m for chiropractic, and $174 million for natural therapies.
MORE AND MORE OF US ARE GOING PRIVATE
Back in 1999, about a third of Australians had private health insurance, but the numbers have steadily increased since then.
Now, just under half of us have private hospital cover (47.3% according to the latest figures*) and just over half have private extras, or ‘ancillary’ cover (55.6%).
* As of March 2015 according to the Private Health Insurance Administration Council.