Large insurance companies raise the rate by a significant marginSome offer medical insurance Australia's largest, Medibank Private Limited and NIB, will increase premiums in the coming days. The insurers have raised premiums every year for the past few years, which has put many consumers under greater financial pressure. Some of the country's insurers have also allegedly provided "spam" policy, which gives consumers a very limited coverage. With high insurance costs and the abundance of the spam policy, many consumers may choose to go without health insurance coverage altogether.Many consumers can choose their insurance waiverOn April 1, premiums for families is expected to rise to $ 200 a year, with premiums for individuals increased about $ 100 a year. Last year, those who have private health insurance have seen of premiums increased an average of $ 185. As a result of skyrocketing insurance costs this year, many consumers need to shop around for a new policy. A recent survey from iSelect, an insurance comparison site costs, some 530,000 Australians planning to abandon the current insurance policy due to higher insurance fees. This could put the health care system of Australia under considerable pressure in the coming months.Survey shows many consumers had considered dropping the policies
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