Medibank Private was one company whose shares soared after the unexpected Coalition victory.

Their shares went up 11.5 per cent as the Australian stock market reached a 12-year high.

Medibank CEO Craig Drummond tells Ross Greenwood they will fight to keep premiums from rising.

“What future rises will be, if any, will be determined at a future point in time with the new government.

“We will be driving for the lowest possible rate increase we can deliver.”

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