tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, April 13th, 6:39PM

Insurance

rss
Latest Headlines

Fears extra Budget money will steer people away from health insurance

The Health Funds Association is worried that the Government’s much-publicised additional funding for hip and knee operations will steer people away from buying health insurance.

Thursday, June 3rd 2004, 7:35AM
As part of last week’s Budget the government said it will spend an extra $70 million over four years to fund orthopaedic surgery in public hospitals.

This funding will “double the number of major hip and knee replacement operations performed in public hospitals,” Prime Minister Helen Clark said.

The HFA, while welcoming the move, says people shouldn’t think the extra funding will give them immediate and better access to surgery.

“While $70 million in four years seems like a lot of money…anyone who thinks that it will provide more than a temporary respite to the fundamental and underlying problems faced by the public health system, will surely be disappointed,” HFA executive director Andrea Pettett says.

She says the public hospitals should be used for providing 24-hour, high-level emergency services and that elective surgery should be contracted out to well-equipped private hospital “More cash injections may keep the public hospitals on life support but the sooner the underlying problems are acknowledged the better. Denying the obvious does New Zealanders a disservice; their misplaced confidence in the public hospital system means they fail to arrange health insurance cover that could secure their healthcare needs,” Pettett says.

She says the government should be promoting the need for people to take out health insurance as well as saving for their retirement. “While the government has not been backward in encouraging people to start saving for their retirement; successive governments have not faced up to telling New Zealanders that they will also have to take greater responsibility for funding their own healthcare needs,” she says.

« AXA completes partial shift to IndiaMixed reviews from advisers on FMA regulation »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Spurs and Auckand FC to meet in Auckland
AIA NZ is the Major Partner for Tottenham Hotspur’s return to New Zealand, with the team set to face Auckland FC at Eden Park later this year.

Fidelity Life keeps its rating for another year.
Fidelity Life has once again had its A- (Excellent) financial strength rating affirmed by AM Best.

AIA releases Neurodiversity Toolkit
AIA NZ has released its Neurodiversity Toolkit to the public for the first time.

AIA brings back Apple watch
AIA brings back the Vitality Apple Watch Benefit.

News Bites
Latest Comments
  • FMA to review CoFI Guidance
    “Conduct of Financial Institutions (CoFI). Yes, it all sounds great in principle folks however the new law change fast...”
    3 days ago by Amused
  • FMA to review CoFI Guidance
    “Hewes reiterated that CoFI and the financial advice regime were deliberately designed to operate side-by-side, not hierarchically...”
    4 days ago by Aggressively_passive
  • Active manager (sort of) leaves the passive house
    “Probably the best outcome after trying to fit a square peg in a round hole. I wonder who's owning that decision. ...”
    4 days ago by John Milner
  • AIA’s new product designed for life
    “It should be noted that this updated version of the article originally published on 26th March corrects the messaging/misrepresentation...”
    8 days ago by Paul Flood
  • Short-Term Disability Benefits
    “Seems pretty straight forward to me. Its five years from point of disability, and ACC offsets is factored into the (industry)...”
    10 days ago by Snoopdog
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x