The number of Australians with private healthcare cover is now at its lowest level since 2007, over a decade ago.
According to a report, almost more than 30,000 people had got rid of their policies in three months.
The Australian Prudential Regulation Authority (APRA) data shows that health premiums in Australia are increasing a lot faster than people’s wages which makes it harder for people to afford healthcare.
The amount of people who have private healthcare cover has now dropped to under half of the population at just 44.2% and this is the lowest it has been since 2007.
More figures were also revealed about health insurance premiums as they rose 2.8% over the June quarter, much faster growth than inflation and wages.
The President of the Australian Medical Association, Dr Tony Bartone had his say on the new figures. He said: "This is a continuation of the same trend, the same spiralling down trend we've been referring to for many months now.
“We need to address the issues underpinning this decline to ensure equity and access to the public health system.
“Our public health system is predicated on a specific amount of work being done on the private system - that is relieving a lot of pressure on public systems.”
Thinking of a move abroad to pursue your dream job? Register with us today and that move could be a lot closer than you think.