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Health Reward Stat of the Day – Dec 17

money and steth pic

Medibank Private managing director George Savvides has called on the Turnbull government to deliver landmark reforms that would allow funds to give “frustrated” members value for money, transparency and certainty over their level of care and expenses.

Mr Savvides revealed Medibank Private had examined loyalty rewards, believing if insurers could offer corporate discounts of 8 to 10 per cent — taken up now by about 20 per cent of the market — they should be allowed to reward positive health practices.

Mr Savvides said members who did not claim on hospital cover could earn a 2 per cent reward on their premium, rising with each year without a claim to a level of perhaps 10 per cent. That reward technically would be held by the fund rather than returned to members, but would be available to help members cover out-of-pocket expenses as required.

http://www.theaustralian.com.au/national-affairs/health/medibank-boss-floats-noclaim-bonus-amid-health-cover-reforms/news-story/507fe5b5688b3bf259923e3608619bef?=

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