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As of 2012, nib New Zealand was the country's second largest health insurer, providing health and medical insurance to around 160,000 New Zealanders. [8] In 2013, nib launched Whitecoat Health Service Directory, a free online search and comparison service. [9] The site has been likened to being the TripAdvisor of the healthcare sector. [10]
When CBA merged with Colonial Limited in 2000, the Colonial New Zealand life and investment business was integrated with Sovereign, making it the largest life insurer in New Zealand. Sovereign has maintained a market share of around 29% to 30% of in-force premiums over the five years up to 2011.
The healthcare system of New Zealand has undergone significant changes throughout the past several decades. From an essentially fully public system based on the Social Security Act 1938, reforms have introduced market and health insurance elements primarily since the 1980s, creating a mixed public-private system for delivering healthcare. [1] [2]
Pages in category "Health care companies of New Zealand" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes. E.
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]
This represented a 62% market share and more than 17% of New Zealand's population. [4] The Health Society funded more than NZ$1.099b of healthcare services in the year to 30 June 2021, including 240,000 elective surgeries, or 73% of the country's health insurance claims. In the 2021 financial year, for every $1 of premium income, 87 cents was ...
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From an essentially fully public system based on the Social Security Act 1938, reforms have introduced market and health insurance elements primarily since the 1980s, creating a mixed public-private system for delivering healthcare. In 2012, New Zealand spent 8.7% of GDP on health care, or US$3,929 per capita.