Ending private health rebate for Australians 65 and over is ‘good policy change’, report co-author finds

The Australian government plans to stop providing a private health insurance rebate to people aged 65 and over, starting in April 2027. This change is expected to save the government up to $940 million per year. According to health economists, this policy shift is a positive move that should not significantly impact public hospitals, as only a small percentage of the insured population is likely to drop their insurance as a result.

Why it matters

The report suggests that ending private health rebate for Australians 65 and over will save the government as much as $940m a year. This could lead to a reduction in the budget deficit and have a positive impact on the economy.

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