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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.
In Australia, health insurance is provided by a number of health insurance organisations, called health funds. Such insurance is optional, and covers the cost of treatment as a private patient in a hospital, and may provide "extras" cover.
The Health Insurance Act of 1973 (Cth) was an Act of the Parliament of Australia, passed by the Labor Whitlam government, which introduced the Commonwealth of Australia's first universal healthcare scheme: Medicare (Australia).
(Reuters) -Medibank Private Ltd, Australia's biggest health insurer, said on Wednesday a cyber hack had compromised data of all of its of its nearly 4 million customers, as it warned of a A$25 ...
SYDNEY (Reuters) -Australia's banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its ...
The company, which reaffirmed that there was no evidence that customer data had been removed from the network, is on track to mark its worst day in 2-1/2 years. Medibank said last Thursday it ...