Health related business (ex overseas visitor and student cover) - how profitable are they?
Its a mixed bag and not very profitable in general! These businesses usually related to dental or healthcare centres run by health insurers for the benefit of their policyholders (but they can also relate to the agency business for travel insurance - see 131-15 of PHI Act 2007 for full definition).
HBF, Mildura, QTUH and TFH made losses. The expenses for HCF appear to exactly match the revenue, which reads like a loss to me which has been tidied up for accounting purposes.
Without going to a debate on the merits or disadvantages of running a health centre, I’ve always wondered about the equity of these dental or healthcare centres. If policyholders can’t access these centres, are they being disadvantaged or discriminated? For instance, should a policyholder who lives far away from a dental or healthcare centre subsidise a policyholder who lives close to a dental or healthcare centre?