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Your family’s health insurance
could be more affordable

SIGN UP AND
GET INVOLVED.

Your support can help put Australian families ahead
of profits for big medical technology companies.

MULTINATIONAL MEDICAL TECHNOLOGY COMPANIES ARE PRIORITISING PROFITS OVER AUSTRALIANS

The prices of medical devices used in surgery are at least 30% higher in Australia than in the UK and New Zealand, driving up health insurance premiums.

Big medical technology companies could lower the prices of these devices tomorrow, easing cost of living pressures and making health insurance more
affordable for millions of Australian families.

But instead, these big companies are keeping prices high, prioritising their profits over everything else.

WE ARE PAYING 30% MORE FOR THE SAME THING

New Zealand and the UK have more affordable prices for medical devices, so why can’t Australia?
A hip replacement stem which costs $4,000 in Australia, costs $1,800 in the UK and New Zealand. Some knee replacement devices cost 111% more in Australia compared to the UK.

This means big companies make more profits from the prices of these devices in Australia than other countries, whilst driving up the cost of health insurance premiums.

Source: Australia: Prostheses List, NZ: PHARMAC, UK: NHS.

HIGH PRICES OF MEDICAL DEVICES MEANS HIGH INSURANCE PREMIUMS

One of the biggest drivers of increases in private health insurance premiums is the high cost of medical items used in surgeries, like pacemakers or hip replacements.

In fact, these items are 30% higher in Australia than they should be.

HEALTH INSURANCE CAN BE MORE AFFORDABLE IF WE CHANGED THE WAY THESE MEDICAL ITEMS ARE PRICED.

We have a strong healthcare system in Australia, but without a strong private healthcare system, our public hospitals could be overwhelmed and Australians wouldn’t be able to access the quality care that we have become accustomed too.

Australians shouldn’t have to pay higher insurance premiums because of the high price of medical devices.

But if we changed the way medical devices were priced, we can make health insurance more affordable, with no effect on quality or accessibility of the devices that your doctor can recommend.

Without change, there is a risk that more people will choose to give up private health insurance as premiums rise.

Sign up and show your support to help make health insurance more affordable.

SIGN UP AND GET INVOLVED.

Your support can help put Australian families ahead of profits for big medical technology companies.

More Affordable Health

A campaign by Private Healthcare Australia Limited,
Authorised by R. David, Private Healthcare Australia Limited,
Suite 7, Level 36, 1 Farrer Place, SYDNEY NSW 2000

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