Health minister rejects insurers’ bids for large premium increases

Federal Health Minister Mark Butler has told private health insurers to “have another go” after rejecting their bid to lift premiums by up to 6 per cent. Key points: Mark Butler has used his legislative powers to reject proposed premium increases of reportedly up to 6 per cent Insurers say they will work with the government to deliver lower premiums, but say inflation has put pressure on their costs Insurers will have until late January to submit alternative proposals Under federal law, health insurers can increase premiums once a year but must seek the minister’s approval. The minister can withhold…