Private Health Insurance 2017 Reforms - Desklib

Running head: PRIVATE HEALTH INSURANCE 2017 REFORMS
PRIVATE HEALTH INSURANCE 2017 REFORMS
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PRIVATE HEALTH INSURANCE 2017 REFORMS
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Executive summary:
Last year in the month of October, the Australian government had announced a series of
reforms or changes in the healthcare policies in order to make them more affordable for the
Australians. This was introduced with an intention to make medical benefits accessible to all
citizens and ensure there is no medical or health related issues for the citizens.
The following report will highlight the different aspects that are associated to the
changing reforms. The description as well as the background of the reform will be studied in
details. The mechanisms and the compliance issues associated with the implementation of the
reform change will be studied in details in the following paragraphs. By the end of this report,
the reader will be able to have an in depth idea of the recent changing reforms in the health
insurance sector. The different stages of the life cycle of the reforms that are to be implemented
in the healthcare industry in Australia will be discussed in details in the following paragraph. By
the end of the report, the reader will have a clear understanding of the different aspects of the
reform implementation.

PRIVATE HEALTH INSURANCE 2017 REFORMS
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Table of Contents
Introduction:....................................................................................................................................3
Critical analysis of the reforms:.......................................................................................................3
Timeline for implementation:......................................................................................................4
Factsheet for the reforms:............................................................................................................7
Private health insurance reforms: Amendment Rules 2018:.......................................................8
Impact of removing the policy restrictions:.................................................................................9
Improved protection for consumers and terminating the policies:..............................................9
Legislative amendments:...........................................................................................................10
Low priced health insurance products in the private segment:..................................................11
Conclusion:....................................................................................................................................12
References:....................................................................................................................................13

PRIVATE HEALTH INSURANCE 2017 REFORMS
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Introduction:
Health Insurance can be defined as a kind of insurance which provides overall medical as
well as financial coverage for the policyholder in case of any medical emergencies. According to
the kind of policy owned by the policy owner, the different expenses associated to the treatment
of critical diseases, surgery expenses, hospital fees etc. are sponsored by the healthcare insurance
company.
In Australia, there are different health insurance companies that have different kinds of
health insurances available for students, senior citizens and other category of consumers that
offer great benefits for the users. In Australia, almost all the citizens including students, senior
citizens are covered for any medical illness under the healthcare division. Users can also
eliminate the private healthcare divisions in order to give themselves the provisions of a wider
range of healthcare insurance options. The two most important decisions of the healthcare
insurances, which are general treatment as well as hospital and the recent reforms that the
Australian government has implemented for the benefit of the Australian citizens, will be
discussed in details in the following paragraphs.
Critical analysis of the reforms:
Recently the Australian government has introduced certain reforms in order to make the
health insurances more affordable for the consumers. The analysis of the reform requires it to be
explained in a series of steps (Flahiff, 2014).