House debates

Thursday, 18 September 2008

Questions without Notice

Private Health Insurance

2:25 pm

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Manager of Opposition Business in the House) Share this | Hansard source

My question is to the Minister for Health and Ageing. Given that more than 50 per cent of the income for major private health insurance companies comes from their investment portfolios, and given that Treasury advice notes that more than half a million Australians will drop out of private health insurance as a direct result of the government’s changes to the Medicare levy surcharge, will the minister—as a responsible minister for prudential regulation—guarantee that private health insurers are in sound financial condition?

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