Independent Member for Clark, Andrew Wilkie, asked the following question to Minister for Financial Services.
“Minister the insurance industry is failing Australians. For instance, health insurance premiums are sky-high but returns to policy holders are at rock-bottom, while payments to private hospitals are, in fact, still so bad that many are in financial distress or closing.
“Meanwhile for property insurance, premiums are going through the roof, and vast areas are being declared uninsurable.
“Minister, what exactly is the Government doing about this?”