The Melbourne Institute of Applied Economic and Social Research is an Australian economic research institute based in Melbourne, Victoria. The institute is a department of the Faculty of Business and Economics at the University of Melbourne.
One in three high-income earners choose not to take out private hospital insurance, even though they could save money by avoiding the Medicare Levy Surcharge. A reason behind this decision is that these individuals are happy to use public hospitals. This suggests that people may be unaware that they are being financially penalised on their Continue reading »
All Australians have access to Medicare that covers free hospital treatment. So why do people still buy private hospital insurance? In April 2021, we surveyed Australians to ask them why they paid for private hospital insurance, and we found that many members purchased it for peace of mind, with this reason becoming more likely as Continue reading »
Tianshu Bai et al. Private or Public? The declining use of private healthcare in Australia (Melbourne Institute Oct 2020)
Australia has seen a steady decline in private health insurance (PHI) membership in the past five years. Since June 2015, the proportion of Australians with private health insurance has fallen from 47.4 per cent to 43.6 per cent in March 2020. Continue reading »