Health insurance premiums rose 8% in the June quarter: FSC

Claims paid in the June quarter were up 9.5% to $1.8 billion compared with the March quarter.

FSC chief executive Richard Klipin attributes the growth to the impact of the covid pandemic.

“The broad theme in health insurance is that covid is a big explainer on a number of issues,” Klipin says.

“When we were all locked down, it meant people couldn't access health services unless it was an absolute emergency. What we've seen is that covid has also led people to focus on health, effectively taking much more responsibility for their own health outcomes and wanting to increase choices,” he says.