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Health insurance up in Australia

MORE Australians than ever are paying a penalty for failing to take out private health insurance before they turn 30. Figures from the Private Health Insurance Administration Council show more than 44 per cent of Australians have private hospital cover, after rates increased for the ninth consecutive quarter.

But the figures also showed the number of people paying an extra premium for their cover had increased. About 91.5 per cent of those covered have escaped the penalty, while the rest, almost 567,000, are paying a loading.





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