Madeleine King (Brand, Australian Labor Party) Share this | Link to this | Hansard source

My question is to the Prime Minister. AHPRA has revealed that private health insurers receive $3.2 billion more in premiums than Australians received in health benefits last year. Why is this inept Prime Minister giving a $65 billion handout to big business, including big insurers, instead of trying to help ordinary Australians with the cost of private health insurance?

Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Link to this | Hansard source

I thank the honourable member for her question, because it gives me the opportunity to remind her of the very sound observations made by her leader, only a few years ago, that reducing business tax results in more investment, more productivity and more jobs. The reality is he was right then, but he's wrong now.

One thing we know is that he says whatever suits his purpose at the time. He told the workers at Oakey North he was pro coal, but he told Geoff Cousins he is going to withdraw the licence for the Adani mine and put those workers out of a job.

Tony Smith (Speaker) Share this | Link to this | Hansard source

The member for Ballarat will resume her seat. She's got a bad history on points of order. The Prime Minister has the call.

Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Link to this | Hansard source

I will invite the Minister for Health to discuss health insurance, also raised in the question.

Greg Hunt (Flinders, Liberal Party, Minister for Health) Share this | Link to this | Hansard source

Thank you very much, Prime Minister. Labor hates private health insurance, and it gets worse. Here's the context. Let me quote from the Leader of the Opposition just a couple of weeks ago:

… the big health insurers are making profits of 25 per cent.

Here is what AHPRA said. This is from the very body that has just been quoted by the hapless shadow health minister. AHPRA said not 25 per cent, not 20 per cent, not 15 per cent and not 10 per cent. AHPRA said in their most recent report they had a 5.5 per cent net margin. The Leader of the Opposition didn't just inflate it once, twice, three times or four times but nearly five times. He has been caught out with a shameless fabrication.

But, better still, what did AHPRA, the very body named by the hapless shadow health minister, also say following Labor's recent comments about private health? It said, 'It's very much in the community's interests that the current reform process continues,' referring to what this government has done in delivering the lowest change in private health insurance in 17 years, lower than every single year under Labor. Then, devastatingly for the ALP, AHPRA went on to say:

APRA does not consider industry profits or capital levels to be the primary drivers of rising premiums.

What a bunch of frauds they are on the other side.

Worse still, though, for all of their hate of private health, for all of their fraudulent position, those opposite have a proposal to slash the rebate and drive up private health insurance costs by 16 per cent. At the end of the day, they're private health frauds and they're medi-frauds. The member for Sydney said it absolutely best last time—'Everything I did, I did by targeting private health insurance.'