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Insurers feel the cost as kiwis increasingly moving to private healthcare

Publish Date
Mon, 30 Sep 2024, 9:54am
Photo / 123rf
Photo / 123rf

Insurers feel the cost as kiwis increasingly moving to private healthcare

Publish Date
Mon, 30 Sep 2024, 9:54am

Kiwis are increasingly moving to private healthcare and it is costing health insurance companies.

Southern Cross Health Insurance paid out close to $1.5 billion in claims in the last year – equal to $6 million every business day.

2024 results from Southern Cross show the number of claims made is up with 995,000 kiwis now on the books.

Southern Cross Health Society Group CEO Nick Astwick tells Heather du Plessis-Allan kiwis are concerned about access to quality healthcare.

In a normal year, the insurer finds one third of its members make a claim, but in 2024 nearly half did.

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