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Healthcare In Australia
Health care in Australia operates under a shared public-private model underpinned by the Medicare system, the national single-payer funding model. State and territory governments operate public health facilities where eligible patients receive care free of charge. Primary health services, such as GP clinics, are privately owned in most situations, but attract Medicare rebates. Australian citizens, permanent residents, and some visitors and visa holders are eligible for health services under the Medicare system. Individuals are encouraged through tax surcharges to purchase health insurance to cover services offered in the private sector, and further fund health care. In 1999, the Howard government introduced the private health insurance rebate scheme, under which the government contributed up to 30% of the private health insurance premium of people covered by Medicare. Including these rebates, Medicare is the major component of the total Commonwealth health budget, taking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Practitioner
A general practitioner (GP) is a doctor who is a Consultant (medicine), consultant in general practice. GPs have distinct expertise and experience in providing whole person medical care, whilst managing the complexity, uncertainty and risk associated with the continuous care they provide. GPs work at the heart of their communities, striving to provide comprehensive and equitable care for everyone, taking into account their health care needs, stage of life and background. GPs work in, connect with and lead multidisciplinary teams that care for people and their families, respecting the context in which they live, aiming to ensure all of their physical health and mental health needs are met. They are trained to treat patients to levels of complexity that vary between countries. The term "primary care physician" is used in the United States. A core element in general practice is continuity of care, that bridges episodes of various illnesses over time. Greater continuity with a gen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HCF Health Insurance
The Hospitals Contribution Fund of Australia, commonly referred to as HCF, is an Australian private health insurer headquartered in Sydney, New South Wales. Founded in 1932, it has grown to become one of the country's largest combined registered private health fund and life insurance company. HCF is the third-largest health insurance company by market share, and is the largest not-for-profit health fund in Australia.PHIAC Annual Report 2009-10 - Operations of the Private Health Insurer/ref> HCF provides private health insurance policy, insurance cover for a full range of health cover including pet insurance, travel insurance and life insurance. History In 1893, the Hospitals Saturday Fund of NSW (HSF) was established by Frank Grimley to serve this purpose. Money was raised by conducting a one-day-a-year drive to collect funds from the public and from businesses. These collections were then distributed among participating hospitals. In 1900, HSF introduced individual subs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GMHBA Limited
GMHBA Limited is a not-for-profit, mutual Australian private health insurance and care company founded in 1934, based in Geelong, Victoria, Australia. GMHBA also operates eye care and dental care practices along with GP clinics. History GMHBA has roots in the Cement Workers Hospital Benefits Scheme, established in 1927 by workers at the cement works at Fyansford, on the outskirts of Geelong. By 1928 a number of similar schemes had been started for employees of other local industrial organisations. An open health fund was officially launched and opened to the public by the mayor of Geelong on 13 August 1934. The name Geelong Medical and Hospital Benefits Association (GMHBA) was adopted in 1958. In October 2009 GMHBA launched a second brand called Frank Health Insurance, which was developed to provide a simple private health insurance offering at low cost. NIB takeover bid In October 2010 Newcastle, New South Wales based health fund NIB made a $140 million takeover offer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-profit Organization
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an enti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Unity
Australian Unity is an Australian Mutual organization, mutual company having its origins in the friendly society, friendly societies movement. In 2012, Big Sky was merged with Australian Unity to become the banking arm of the company. History It was formed as the Manchester Unity Independent Order of Oddfellows (MUIOOF) in Melbourne, Victoria, on 7 December 1840 by eight men including Thomas Strode, publisher of the Port Phillip Gazette and Augustus Greeves, inspired by Independent Order of Oddfellows Manchester Unity. In 1993, Manchester Unity merged with the Australian Natives' Association to form Australian Unity. Later mergers occurred with Grand United Order of Oddfellows, Grand United Friendly Society in 2005, Lifeplan Australia Friendly Society in 2009, and Big Sky Credit Union in 2012. Australian Unity has about 8,500 employees across healthcare, insurance and banking (in the guise of Big Sky Credit Union) divisions. In 2012, Big Sky merged with Australian Unity to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Insurance
A mutual insurance company is an insurance company owned entirely by its policyholders. It is a form of consumers' co-operative. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders. History The concept of mutual insurance originated in England in the late 17th century to cover losses due to fire. The mutual/casualty insurance industry began in the United States in 1752 when Benjamin Franklin established the Philadelphia Contributionship for the Insurance of Houses From Loss by Fire. Mutual property/casualty insurance companies exist now in nearly every country around the globe. The global trade association for the industry, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nib Health Funds
nib Group (nib, formerly Newcastle Industrial Benefits) is an Australian health care fund. It was established in 1952 to provide health insurance for workers at the BHP Newcastle Steelworks, and has since grown into a national and international operation. As of 2017, nib held an 8.3% share of the Australian private health cover market. History nib was established in 1952 to provide health insurance for workers at the BHP Newcastle Steelworks. In 1995, nib was involved in a landmark court case after they rejected family health cover to a homosexual couple. While most health insurers at the time were choosing to recognise same-sex relationships, there had been no official ruling on the matter. The subsequent court case, Hope & Brown vs NIB, found that nib had violated the Anti-Discrimination Act 1977, setting a legal precedent that redefined 'family' to include same-sex couples and their children for the purposes of health insurance. nib appealed the ruling, but their app ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Business Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medibank
Medibank is an Australian private health insurance provider headquartered in Melbourne, Victoria (state), Victoria. It is Australia's largest private health insurance provider, covering around 4.2 million customers in 2024. Medibank initially started as an Australian Government not-for-profit insurer in 1976, before becoming for-profit in 2009 under the Rudd government (2007–2010), Rudd Government and Privatization, privatised by the Abbott government in 2014. Medibank now operates as a publicly-listed company on the Australian Securities Exchange. History Medibank began as an Australian Government private health insurance scheme, established by the Whitlam government in 1975 through the Health Insurance Commission. In its original form, it was a universal health insurance programme funded through taxation, that also ensured free treatment at public hospitals and provided subsidies to private hospitals. The subsequent Fraser government reduced the subsidies and allowed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Government
The Australian Government, also known as the Commonwealth Government or simply as the federal government, is the national executive government of Australia, a federal parliamentary constitutional monarchy. The executive consists of the prime minister, cabinet ministers and other ministers that currently have the support of a majority of the members of the House of Representatives (the lower house) and also includes the departments and other executive bodies that ministers oversee. The current executive government consists of Anthony Albanese and other ministers of the Australian Labor Party (ALP), in office since the 2022 federal election. The prime minister is the head of the federal government and is a role which exists by constitutional convention, rather than by law. They are appointed to the role by the governor-general (the federal representative of the monarch of Australia). The governor-general normally appoints the parliamentary leader who commands the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
