Is It time To Reap Profits From Medibank Private Ltd?
Private health insurance premiums rise by Government: Medibank Private Ltd (ASX: MPL) Premium revenue growth has delivered a moderate rise of 4.6% year on year (yoy) to $3,080 million for the first half of 2016 on the back of the slowdown of the market conditions which impacted the group’s specific product management and sales performance. On the other hand, the Federal Minister for Health reported that the private health insurance premiums would be increasing across the industry starting from April 2016. This initiative by the government is expected to be a major boost to Medibank as they got approval from the Minister to enhance their premiums by an average of 5.64% across the group and ahm health insurance products. Moreover, Private health insurance premiums for all private health insurers have been regulated as well as all the changes have been approved by the Minister for Health annually.
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