Medibank Private
From Wikipedia, the free encyclopedia
| Medibank Private | |
 |
|
| Type | Government-owned corporation |
|---|---|
| Founded | 1976 as arm of the Health Insurance Commission |
| Headquarters | Melbourne, Australia |
| Key people | George Savvides (Managing Director) |
| Industry | Private Health Insurance |
| Products | Private Health Insurance, Travel Insurance |
| Revenue |  $200.1 million AUD (2006[1]) |
| Website | www.medibank.com.au |
Medibank Private is an Australian government-owned private health insurer, established under the Fraser government in 1976 through the Health Insurance Commission. It is Australia's largest health insurance provider with 3 million members, and the only health insurer present in every Australian state and territory.
It currently operates as a government business enterprise and currently run as a not for profit organisation. In April 2006, the federal Government announced its intention to privatise Medibank Private[1], the sale of Medibank has been delayed until 2008[2] pending the outcome of the 2007 Federal Election. The Government claims this is because a Medibank sale occurring at the same time as the current Telstra sale risks flooding the market, however the opposition claims that it would have little impact and the sale has been delayed because it is too unpopular to hold during an election year.
[edit] Sponsorship
Medibank is the main sponsor of the Melbourne Storm in the NRL, and the West Coast Eagles in the AFL. It has the naming rights to Medibank Private Stadium (formerly Leederville Oval), home of WAFL teams East Perth and Subiaco. It is also the sponsor the Medibank International tennis event.
[edit] Notes
- ^ http://www.medibank.com.au/aboutus/pressreleases_display.asp?id=243
- ^ http://www.medibank.com.au/aboutus/pressreleases_display.asp?id=254
[edit] External links
- Medibank Private
- Dept. of Parliamentary Services research brief on the proposed sale of Medibank Private
- Save Medibank Anti-privatisation site through CPSU
