NIB Holdings Ltd ( (AU:NHF) ) has provided an update.
NIB Holdings Ltd announced a 5.79% increase in health insurance premiums, effective from April 1, 2025, due to rising healthcare costs and increased service utilization. The company has renewed major contracts with private hospitals to ensure service access and limit out-of-pocket expenses for members. Additionally, NIB is expanding its provider networks with initiatives like ‘Known Gap’ and ‘No Gap’ services to offer capped or zero out-of-pocket costs for eligible members. The premium increase also accounts for higher payments for private rooms in public hospitals in NSW, expected to cost over $20 million annually. NIB aims to balance increased costs with delivering member value and supporting the private healthcare sector.
More about NIB Holdings Ltd
NIB Holdings Ltd is a company operating in the health insurance industry, providing health insurance products and services. The company focuses on delivering value to its members and has a significant presence in Australia, particularly in New South Wales.
YTD Price Performance: 8.64%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.96B
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