Australian Lower House Passes Health Insurance Reforms
By Jason Scott -
2012-02-15T01:15:34Z
(Corrects time period of Budget savings.)
Australia’s government today passed legislation that would introduce means-testing of rebates for private-health insurance through the lower house. The legislation, which will enforce means-testing of the 30 percent rebate for individuals earning more than A$83,000 a year, needs approval in the upper house Senate to become law. The reforms are expected to save the government A$2.4 billion over three years, according to the Australian Broadcasting Corp.
To contact the reporter on this story: Jason Scott in Canberra at jscott14@bloomberg.net
To contact the editor responsible for this story: Jason Scott at jscott14@bloomberg.net
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