Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

Mr President, I ask a supplementary question. Given that the minister says the government is not selling Medibank for the money but for the benefit of members, why will he not detail how members will actually benefit? Is the minister seriously suggesting that Medibank members will get a better deal out of American corporate raiders, such as Kohlberg Kravis Roberts, than a not-for-profit run Medibank Private? Will the minister now give a guarantee that Medibank’s three million members will pay lower premiums to a privatised fund?