Researched conducted by Canstar New Zealand has found that older New Zealanders are the most concerned about rising premiums on health insurance.
Lars Bojsen-Moller of Southern Cross Health society, said if the insurer compared the number of 64-year-old members insured on January 31, 2015, to the number of those who were still insured on January 31 this year as 65-year-olds, 939 had cancelled.
At June 30, 2015, Southern Cross, New Zealand’s biggest health insurer, had 105,752 members aged 65 years and over, or 13 per cent of the total membership.
Claims made by older members were $295,663,108 for the 2015 financial year, or 35.65 per cent of all claims.
Of course, we are not told what share of the premium members over 65 are paying – they may be paying about 35% of the total premium.
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