HFANZ has released a statement with the latest March 2015 health insurance stats. The total amount of claims paid in the past year has now cracked the $1 billion mark.
Media release reads “The milestone was reached in the March quarter, with total claims paid amounting to $1000 million for the year ending March 31, 2015 – up 3.9 percent on the previous March year. The annual value of claims paid has effectively doubled in the past decade.
Despite the number of New Zealanders with health insurance being just 29 percent, HFANZ chief executive Roger Styles said this was a sizable and growing contribution to total health spending.
“Health insurance really deserves more credit for its contribution to overall health funding in New Zealand. There are limits to what can be afforded via the public purse, and having a significant chunk of healthcare financed via insurance helps the public sector to focus its resources to best effect,” he said.”