Your Money: How do you fix a broken market?
We asked the country’s health insurers what they think should be done to solve the crisis in the health insurance market. Here’s a summary of what they told us.
Insurers must be allowed to negotiate robust contracts with public hospitals for accommodation and procedures. The current system, whereby the minister sets charges on a per diem basis, rewards inefficiency and poor performance. In recent years, the cost of treatment in private hospitals has fallen as insurers negotiate robust contracts in a competitive market.
Measures to rebalance the age structure of the insured population would reduce the cost of claims which are putting upward...
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