Insurance

Southern Cross surge in claims unsustainable

Wednesday 15th of September 2010

Claims rose to a record $562 million in the year ended June 30, while premium income was $597.3 million, the society said. It returned more than 94 cents of every dollar in premiums, processing 555,000 claims including 150,000 elective surgery procedures.

"The significant year-on-year increase in healthcare costs is an issue faced by governments and healthcare funders the world over," sa...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.