HCF profit up despite rebate cuts

04 December 2013

One of Australia’s biggest private health insurers, HCF, has rued the former government’s decision to slash rebates for private insurance but tipped increased revenue and membership numbers this financial year.

Owned by its members, HCF increased membership and net profit in 2013, despite the ”less than supportive environment”.

Health policy numbers grew by 4 per cent to 662,256 and net premium revenue grew by 10 per cent to $2.1 billion.

Read the full story, HCF profit up despite rebate cuts, Sydney Morning Herald, 2 December