Health Insurance Premiums to Rise

Health Insurance Premiums to Rise
A Medicare and Centrelink office sign is seen at Bondi Junction on March 21, 2016 in Sydney, Australia. Matt King/Getty Images
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The federal government has authorised a rise in private health insurance premiums that will cost families an extra $126 a year on average.

The 2.74 percent annual increase will take effect from April and builds on rises of 2.92 percent this year and 3.25 percent in 2019.

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