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Medibank began as an Australian Government private health insurance scheme, established by the Whitlam government in 1975 through the Health Insurance Commission. [4] In its original form, it was a universal health insurance programme funded through taxation, that also ensured free treatment at public hospitals and provided subsidies to private hospitals.
On 21 October 2015 Savvides announced his retirement from Medibank, which took effect at the end of March 2016. [1] [11] He was appointed to the Special Broadcasting Service (SBS) Board as Deputy Chair in March 2017. On 9 July 2020 it was announced that he had been appointed as Chair for a period of five years. [3]
Medibank was set up to provide competition to private "for-profit" health funds. Although formerly government-owned, the fund operated as a government business enterprise from 2009 until it was privatised in 2014, operating as a fully commercialized business paying tax and dividends under the same regulatory regime as do all other registered ...
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Medicare is the publicly funded universal health care insurance scheme in Australia operated by the nation's social security agency, Services Australia.The scheme either partially or fully covers the cost of most health care, with services being delivered by state and territory governments or private enterprises.