Alphabeta’s new report has outlined actions that health insurers like Medibank can take to avoid the industry’s "death spiral". AFR However, young and healthy individuals are exiting private health insurance in droves or not signing up at all because they do not see value in the product. This development has forced insurers to hike their premiums to meet costs. But the higher prices also drive more customers out of the system as they can not afford it any more or no longer see the value in insurance. To arrest the loss of customers, Alphabeta has outlined that the industry could reduce the forecasted cost of premiums by 20 per cent over the next three years with a range of cost-cutting and optimisation measures. The measures included a reduction of operational expenditure and optimising models of care to reduce admission costs, days per hospital admission, and cost per day of […]