Is private health insurance on life support? | 7.30

As private health premiums rise faster than inflation and wages, a generational divide has emerged. Young Australians are wanting out, while many older Australians desperately need to stay in. Experts warn the system is in a death spiral and needs radical change.

Read more here: https://www.abc.net.au/news/2020-01-20/cancelling-private-health-insurance-could-backfire-expert-says/11878140

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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