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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]
Whitecoat was launched by NIB Health Funds. [5] In 2016, Bupa and HBF signed a heads of agreement to join nib as investors and participants in expanding the Whitecoat healthcare provider platform, [6] [7] increase its reach to approximately six million Australians.
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 fund tracks an index of U.S.-listed providers of health care, including UnitedHealth, CVS Health and Elevance Health. 5-year returns (annualized): 10.5 percent Expense ratio: 0.40 percent
Health Insurance Fund; M. Medibank; N. Nib Health Funds; P. Private Health Insurance Ombudsman This page was last edited on 10 March 2018, at 10:56 (UTC ...
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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.
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