
Private health insurance premiums in Australia are set to increase from today, marking the largest rise in seven years.
Premiums will go up by 3.73 percent, adding further financial strain on Australians already facing a cost-of-living crisis.
A recent study shows that millions of Australians are considering canceling their private health insurance due to rising costs.
Currently, nearly 15 million people across Australia hold some form of private health insurance.