Factors to Consider Before Dropping Insurance
Scott Pape, known as the Barefoot Investor, recently addressed the complexities of private health insurance during a segment on Tasmania Mornings. He joined guest Peter Gartlan from Financial Counselling Australia as part of ABC Hobart’s Bring Your Bills panel.
In his conversation with host Leon Compton, Pape acknowledged the reasons many people are opting out of private health insurance. He said, “I understand why people are leaving the system. It’s just so expensive.”
Concerns Over Insurance Companies’ Profits
Pape expressed frustration with the high costs associated with private health insurance. He remarked, “When you’ve got big insurers making millions and millions of dollars, it really rankles me.” His comments highlight the growing concern over affordability in the healthcare system and the financial pressures faced by consumers.
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