NSW cracks down on ‘big four’ insurers for $140M hospital bill shortfall
Clinton speaks with NSW Treasurer Daniel Mookhey, who is set to introduce legislation forcing the big four private health insurers – HCF, NIB, Bupa, and Medibank – to fully pay their hospital bills.
Since 2019, their refusal to pay the correct rate for single rooms in public hospitals has cost NSW Health $700 million.
Last year, the insurers paid significantly less than the gazetted rate of $892, leading to a yearly shortfall of $140 million.
The new laws will restore lapsed 2013 legislation that previously ensured full payments from insurers.
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