More people are ditching their health insurance due to cost concerns, a new survey has found.
Roy Morgan Research showed that in the year to 31 March 2018, an estimated 256,000 people decided not to renew their private health insurance.
This was up from 182,000 in the same period in 2017, making it the highest number for the past five years.
Being ‘too expensive’ was the main reason consumers give for dropping out of health insurance. This rose to 53.3 per cent over the year, up from 47.1 per cent the previous year.