The national and state governments, along with private healthcare players are continuously expanding and paving towards contributing to a healthier Australia, hence, the private health insurance.
The newly formed Morrison Government was welcomed with open arms by the Australian health sector, after they won the May federal election.
Labour policies, which had been triggering the health sector were nipped in the bud for a pretty long period, or at least till the Morrison Government has the baton in its hands.
The threat of a 2 per cent cap on private health insurance premium upsurge for a couple of years, to address the community concerns about affordability would eventually have restricted private players, as premiums witnessed the lowest increment in 2019.
This issue was off the discussion charts as soon as the Government was formed and had eased the policies, resulting in the share prices of ASX-listed health companies to rise and keep the momentum upward.