Insurance
10,000 New Zealanders abandon health cover over last quarter
Monday 22nd of August 2011
While the amount of lives covered has fallen by 30,000 from the December 2008 peak, the corresponding slowdown in claims has been welcomed by HFANZ.
Chief executive Roger Styles said claims costs in the year to June 2011 grew by just 3.8% on the previous year, well down on the average 9% per annum cost growth seen over the last five years.
"While it is a positive trend, it is not...
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