NIB Holdings Limited
(ASX:NHF) will be implementing a 5.55 per cent rise in insurance premiums starting next month.
nib says expenses claims rose by 7.2 per cent to $1.3 billion in 2015 and the rise in claims is putting upward pressure on premiums.
CEO Mark Fitzgibbon has hopes that health insurance affordability would be looked at by the Federal government following a recent review.
He also says a recent investment in Whitecoat, a healthcare price comparison website, would hopefully help policy holders make better, more informed choices.
NIB Holdings reported a net profit of $43.07 million for the six months to end December 2015.
