(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.
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