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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 1981, access to Medibank was restricted further, and an income tax rebate was introduced for holders of private health insurance to encourage its uptake. Finally, the original Medibank was dissolved entirely in late 1981, leaving behind Medibank Private as a government-operated private health insurer.
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]
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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 ...
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Medibank Private Limited (ASX:MPL) has paid a dividend Read More...