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Health Insurance Fund (HIF) is an Australian, not-for-profit insurer. In 1954 it was brought into existence as the WA Government Employee's Hospital and Medical Benefits Fund Incorporated. In 1954 it was brought into existence as the WA Government Employee's Hospital and Medical Benefits Fund Incorporated.
nib Group (nib, formerly Newcastle Industrial Benefits) is an Australian health care fund. It was established in 1952 to provide health insurance for workers at the BHP Newcastle Steelworks, and has since grown into a national and international operation. [1] As of 2017, nib held an 8.3% share of the Australian private health cover market. [2]
Medibank began as an Australian Government private health insurance scheme, established by the Whitlam government in 1975 through the Health Insurance Commission. [4] In its original form, it was a universal health insurance programme funded through taxation, that also ensured free treatment at public hospitals and provided subsidies to private hospitals.
What services are covered and how much is reimbursed and caps that apply vary between funds. Health insurance in Australia is community rated; health funds cannot take age, gender, pre-existing conditions or other underlying risk factors into account in the calculation of premiums. The largest health fund with a 26.9% market share is Medibank ...
In October 2010 Newcastle, New South Wales based health fund NIB made a $140 million takeover offer to GMHBA members. The company went public with the offer, after the GMHBA board rejected their initial offer and refused to enter into discussions. NIB was Australia's first health fund to demutualise, listing on the stock exchange in 2007. [2]
Investments in public health projects by China's Belt and Road Initiative soared by 246 per cent last year in response to the Covid-19 pandemic, according to a Chinese study. The dramatic shift in ...
The Hospitals Contribution Fund of Australia, commonly referred to as HCF, is an Australian private health insurer headquartered in Sydney, New South Wales.Founded in 1932, it has grown to become one of the country's largest combined registered private health fund and life insurance company.