DUBLIN, Apr. 16, 2014 /PRNewswire/ --

Research and Markets

(

http://www.researchandmarkets.com/research/2n3dgx/health_insurance

) has announced the addition of the

"Concise Analysis of the Health Insurance Market in Australia"

report to their offering.

(Logo: http://photos.prnewswire.com/prnh/20130307/600769)

Health Insurance market in Australia is expected to grow at a CAGR of 10.11 percent over the period 2012-2016. The healthcare system in Australia is quite a robust model which lays focus on health as well as social well-being. Healthcare in the country is provided majorly by the public sector, followed by the private sector. The Australian government accounts for a Commonwealth form with six states and two territories. The Commonwealth is funded by the government with a focus on the development of national health policies, regulations, and funding.

The Commonwealth looks after the governance of the healthcare system. The execution, oversight, and regulation of public health services as well as healthcare providers come under their purview. One of the key factors contributing to this market growth is the healthy competition in the market and good governance structure practiced by the regulatory bodies. The Health Insurance market in Australia has also been witnessing the continued support of Government in order to encourage the use of private health insurance.

The key players in the market are Medibank Private Ltd., Bupa Australia, and Hospital Contributions Fund of Australia Ltd. Fund.

Other players listed in this report are Defense Health Ltd., Newcastle Industrial Medical Fund, Australian Health Management, Australian Unity Health Ltd. Fund, Teachers Health Fund, National Health Benefits Australia Pty, Hospital Contributions Fund, Geelong Medical and Hospital Benefits Association, Hospital Benefit Fund, Westfund, Peoplecare Fund, RT Health Fund, Grand United Corporate Health, Latrobe, Healthguard Health Benefits Fund Ltd., Commonwealth Bank Health Society, Navy Health Fund, Cessnock District Health Benefits Fund, ACA Health Benefits Fund Ltd., Phoenix Health Fund Ltd., Doctors Health Fund, Credit Union Australia, ACA Health Benefits Fund Ltd., Credit Union Australia, Reserve Bank Health Society Ltd., Health Care Insurance Ltd., Mildura District Hospital Fund Ltd, St. Luke's Health Insurance Ltd, Health Partners Private Health Fund, Queensland Country Health Fund, Transport Health, Health Insurance Fund of Australia Ltd., Queensland Teachers' Union Health Fund, and Police Health Ltd.

Executive Summary:

Medibank Identified as a Key Player in the Health Insurance Market in Australia

• Health Insurance Market in Australia to grow at a CAGR of 10.11 percent
  

According to the latest research findings Medibank is a key player in the Health Insurance Market in Australia. The analysis is for the forecast period 2012-2016.

As per research analysis, big players like Medibank, Bupa Australia and Hospital Contributions Fund of Australia are dominating the health insurance market in Australia. The governing and regulatory guidelines are playing an important influence in this market with players' competing against one another in areas like: pricing, insurance coverage, excess and co-payments, location-specific policies as well as tie-ups with medical service providers to differentiate themselves and emerge as the number one player in this market.


Key Topics Covered:

01.Introduction

02. Status of Health Insurance Market in Australia

03. Geographical Status of the Market

04. Funding Mechanism

05. Benefits Paid

06. Regulatory Framework

07. Why and Why Not...

08. Key Players in the Industry

09. Way Forward

10. Annex

11. Other Reports in this Series


For more information visit http://www.researchandmarkets.com/research/2n3dgx/health_insurance

Media Contact:

Laura Wood , +353-1-481-1716, [email protected]

 

SOURCE Research and Markets