Medibank
| Medibank Private Ltd.
|
|
|---|---|
 |
|
| legal form | Private Limited |
| ISIN | AU000000MPL3 |
| founding | 1975 |
| Seat | Melbourne |
| management | Craig Drummond (CEO) |
| Number of employees | 3828 |
| sales | 6,655.8 million AUD |
| Branch | Health insurance |
| Website | https://www.medibank.com.au |
| Status: 2019 | |
Medibank (Medibank Private Ltd.) is an Australian healthcare company based in Melbourne . The company offers private health insurance and health insurance solutions. The segments include health insurance and Medibank Health. The Health Insurance segment offers private health insurance products, including health and supplementary insurance, as stand-alone products or as products that combine the two. Health insurance provides members with health insurance for hospital treatment, while supplemental insurance offers members health insurance for health services such as dental, optical and physiotherapy services. The segment also offers health insurance products for overseas visitors and overseas students. The Medibank Health segment offers a range of activities including contracts with government and corporate customers to provide health management services, as well as a range of telehealth services in Australia. It also sells travel, life and pet insurance products on behalf of other insurers.
It is listed in the S & P / ASX 50 .
Medibank is Australia's second largest health insurer with 3.5 million members.
history
Medibank began operations as a private, state-owned health insurer founded in 1975 by the Government of Prime Minister Gough Whitlam through the Health Insurance Commission. Medibank was established to provide competition for private "for profit" healthcare companies. It should put pressure on other health insurers to keep premiums at a reasonable level. In 2006, the Howard Coalition government announced that if Medibank won the 2007 election, it would be sold in a public bidding competition. However, it was defeated by the Australian Labor Party under Kevin Rudd , which had already promised that Medibank would remain state-owned. After 2009, Medibank, although still state-owned, was a state-owned company that, as a fully commercialized company, paid taxes and dividends under the same regulatory system as other registered private health insurers. In the 2013 general election, won by a bourgeois coalition led by the Liberal Party of Australia , privatization was back on the agenda.
The IPO was carried out in 2014. The shares were issued at a price of A $ 2.15. The sale raised A $ 5.7 billion for the government. Medibank held a 29% share of the Australian private health insurance market.
Individual evidence
- ↑ Medibank Annual Report 2019 (PDF, 3,254 KB) medibank.com.au. Retrieved June 5, 2020.
- ↑ profile. www.reuters.com, accessed on May 18, 2020 .
- ↑ archive / medicare. www.aph.gov.au, accessed on May 18, 2020 .