Medibank membership falls amid job fears

Medibank membership falls as jobless numbers rise
Medibank Private has blamed rising unemployment and job fears for slow growth in its membership.
The Government-owned health insurance provider achieved a mere two percent growth during the last financial year, compared to five percent the previous year.
Medibank Private managing director George Savvides told a Senate estimates hearing in Canberra today that the lapse in membership can be attributed to, “unemployment or insecurity around jobs”.
However Savvides was quick to point out that the lapse was not as severe as once though and that the net change was still a growing membership of up to 3.7 million.

Medibank Private has blamed rising unemployment and job fears for slow growth in its membership.

The Government-owned health insurance provider achieved a mere two percent growth during the last financial year, compared to five percent the previous year.

Medibank Private managing director George Savvides told a Senate estimates hearing in Canberra today that the lapse in membership can be attributed to, “unemployment or insecurity around jobs”.

However, Savvides was quick to point out that the lapse was not as severe as once though and that the net change was still a growing membership of up to 3.7 million.

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