Medibank: Sharing Claims Savings With Members

Household cost-of-living pressures are not forcing people to drop private health insurance coverage, but they are likely contributing to fewer claims, given out-of-pocket costs and the potential for lost work hours. Participation has been steady at around 45% of the population since December 2021, up modestly from 2019. Based on industry data, policyholder numbers increased 1.2% in the second half of 2023.