Australian Private Health Insurance Premiums to Rise by 3.73% in April
The increase, the highest since 2018, follows government negotiations to reduce insurer proposals and affects over 15 million Australians.
- Private health insurance premiums in Australia will rise by an average of 3.73% starting April 1, 2025.
- This year's increase is the highest since 2018, exceeding last year's 3.03% hike, and comes amid rising healthcare costs.
- Health Minister Mark Butler required insurers to resubmit their proposed increases three times before approving the final average rate.
- Some insurers, like Police Health, will implement significantly higher increases of up to 9.56%, while others, including six smaller providers, will not raise premiums at all.
- The rise impacts over half of Australia's population, with healthcare costs expected to be a central issue in the upcoming federal election.