Peter Whish-Wilson (Tasmania, Australian Greens) | Hansard source

Getting back to this issue of cross-subsidisation and the basis of insurance, you're essentially saying that this cohort is unnecessarily and inefficiently subsidising wealthier and older Australians. What work has the Treasury done on the impact of insurance premiums on other insurers outside this cohort? If this is going to take—I forgot the number you mentioned, Minister; perhaps you could refresh my memory when you stand up. You were saying this much money's going to be saved out of the system, but, on the whole basis of cross-subsidisation and risk pooling—the whole reason we have insurance in the first place—that is, therefore, leading to lower payments for other Australians. So what impact is that going to have on the payments for other Australians, and was that factored into the Productivity Commission's estimates?