NIB’s plans may face scrutiny

Company News

NIB Holdings Limited (ASX:NHF) may have to explain its plans to take advantage of the growing demand in Australia for overseas medical treatment to the government.
 
Health Minister Peter Dutton says he is keen to learn more about the insurer's plans..
 
NIB has said growing its Australian residents health insurance is still the top priority but the company wants to explore other ways in which to expand.
 
The insurer has expressed interest in exploiting the growing popularity and growth of medical travel.
 
Mr Dutton says NIB needs to explain how it would guarantee people successful medical treatment and how it would work in conjunction with the private health care rebate.
 
NIB generated a net profit of $67 million in fiscal 2013.

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