Medibank Private Limited, better known as simply Medibank, is one of the largest Australian private health insurance providers, covering 3.7 million people in 2021. Medibank initially started as an Australian Government not-for-profit insurer in 1976, before becoming for-profit in 2009 and privatised by the Abbott government in 2014. Medibank now operates as a publicly-listed company on the Australian Securities Exchange. Medibank began business as an Australian Government-owned private health insurer, established by the Whitlam government in 1975 through the Health Insurance Commission. Medibank was set up to provide competition to private "for-profit" health funds and to put pressure on other health funds to keep premiums at a reasonable level. More information...
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