Russell Hutchinson Opinion

[DO NOT USE] A big year for medical claims is underway

Friday 18th of August 2023

Southern Cross highlighted some interesting items. A surplus of $90 million comprised of $108 million in operating surplus and a $17 million loss on investments.

The $1.08 billion in claims paid out of $1.35 billion received in premiums represented a lower proportion than usual. Southern Cross Health said that this year’s higher than expected surplus is due to a much lower volume...

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