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Medibank Private Limited

( ASX:MPL ) - Insurance

News

Medibank Warns Brand ‘In Decline’

Medibank Private chief executive Craig Drummond has again warned revenue in the first four months of the financial year is running below expectations. And he warned that 2017 will be a year of fixing the problem, so investors have been told not to expect any pleasant surprises, probably more costs.

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Crunch Time For Medibank’s Direct Sales Strategy

APRA released December quarter data on the health insurance industry last month. This shows that private health insurance penetration fell for the first time in 10 years. While the percentage of Australian residents that had private hospital insurance only fell 0.1 per cent to 47.2 per cent, this will be of great concern to the Government given that falling coverage rates inevitably sees the healthcare burden fall back onto the public system.

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