Australia’s health care system is among the world’s best but inefficiencies are adding to its financial burden. Healthcare is costing government and consumers more and more each year, and a new report has found that much of that money isn’t going where it needs to. Between 2006-07 and 2016-17, the amount Australia spent on health care nearly doubled from $95 billion to $181 billion in just 10 short years, and that figure is expected to more than double again by 2055. Now new research conducted by a team of international actuaries has highlighted weaknesses in the way money is distributed, and a few simple reforms could improve Australians’ health outcomes without additional cost to the federal budget. Medibank Private chief actuary Andrew Matthews (one of the four report authors) told The New Daily an obvious inefficiency was a lack of integration between the public and private healthcare sectors. “At […]