Australia's second-largest private hospital operator has announced it will terminate its contracts with two major private health insurers.
Healthscope says it has no choice but to end its contracts with Bupa and the AHSA after they refused to pay a proposed hospital facility fee.
Australia's second-largest private hospital operator has announced it will terminate its contracts with two major private health insurers. The contract with Bupa is set to be terminated from February 20, 2025 and AHSA will be cancelled from March 4, 2025. "In an environment of rising costs and private hospital closures, it is unacceptable for insurers to fail their core purpose – funding the care of their members, particularly those like Bupa who are boasting of record profits," Mr Horan said.Healthscope said private hospital cost inflation was a sector-wide challenge and in the last five years 70 private hospitals had closed which showed the economics were "simply unsustainable".
CEO Rachel David said insurers couldn't pay above-inflation increases to hospitals as the costs would be passed onto members ,who would most likely then downgrade or drop their health cover.
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