Pressure is building on the Federal Government to undertake a review of the private health system – on the eve of another major premium hike.

Spokesperson for the Great Australian Rip Off, Trond Smith, told Perth LIVE the change will hit some families harder than others.

“Tomorrow the hikes are 2.7% – some funds are putting it up has high as 5.3%,” he told Oliver Peterson.

“About 45% of Australian families have health insurance, and that health insurance – those premiums over the last decade – have risen 64% against a CPI of only 20%.

“And one of the things pushing them up is the secret commissions that are paid to third party retailers, whether it be a comparison site or aggregator, an agent or broker.

“You could be paying up to $1,500 too much, the highest premium on a like-for-like product is $1,500 more than the cheapest.”

The organisation is campaigning for the Federal Government to undertake a full review of the private health system – as per the recommendations from an ACCC investigation.

“The ACCC made this recommendation in 2018. By implementing the recommendation you could be saving Australian families up to $1,000 per annum,” he said.

“It’s not costing the Australian government anything, it’s not contributing to our debt.”

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