Private health insurance providers named over 'junk' policies
Some of Australia’s biggest private health insurance providers have been named and shamed by the consumer advocacy group Choice for offering useless “junk” products.
Medibank, HCF and NIB were among those named by Choice on Tuesday for offering policies it said were a waste of money, with little benefit above what is provided through Medicare.
A Choice spokesman, Tom Godfrey, said: “Our analysis shows that, in many cases, junk policies cover less than 1% of the services available in hospital and exclude treatment for the most common serious illnesses such as cancer, stroke and heart disease.
