I am just interested in peoples opinions on this concept. I know this is not on the table for a while but I like to plan ahead. I have worked in the past in the medical field for eight years so I have a very good understanding of who uses private health insurance and the monies made and spent in the area. I also know what cash generating machines these funds are despite not having shareholders to report to. Personally I am looking forward to the move from an investing perspective but am a liittle concerned from a policy holders point of view. How will the government's 30% rebate be affected by the move. If premium's are increased and services reduced to ultimately increase profit's what level of people will stop using private health insurance. How will the public health system cope?
On a final point I have read that NIB are considering floating toward the end of the year before the government gets it go at it. Is this possible or even likely.