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Whopping Health Insurance Profits

Are We Surprised?

Whopping Health Insurance Profits

Australia's health insurers are being slammed for reporting "obscene" profits at the same time as premiums keep being jacked up.

The funds have reported a post-tax profit of $1.3 billion for the first 4 months of the this year - an increase of 18 per cent on the year before. That massive profit came at the same time as premiums were increased by 4.8%... because the companies were fighting "increasing costs".

More to come...