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Review of Competitive Neutrality in the Medical Indemnity Insurance Market

Date:

Tuesday, 1 March 2005

Content ID:

954

Abstract:

On 7 December 2004, the Minister for Health and Ageing and the Minister for Revenue and Assistant Treasurer announced that the Government would commission an independent review of competitive neutrality in the medical indemnity insurance market. The review, following specific terms of reference, addresses concerns by some other insurers that the United Medical Protection group of companies has achieved a competitive advantage as the result of the Government’s rescue package for the company.

The review examines the source and extent of competitive advantages in the industry that may arise from Government assistance, to identify and evaluate options to restore a level playing field if necessary, and to report to the Government by 15 March 2005.

The review also ensures that competitive neutrality and pricing issues are considered in the context of general policy aims of affordable and stable medical indemnity insurance.

The following submissions have been approved for public release:

More information on the Australian Government's medical indemnity package is available on the Department of Health and Ageing website.

For further information e-mail mwellham@treasury.gov.au or write to:

Mr Michael Wellham
Review of medical indemnity competitive neutrality
The Treasury
Langton Crescent
PARKES ACT 2600

Documents Available:

No Documents available.

Related Items:

Review of Competitive Neutrality in the Medical Indemnity Insurance Industry - Report March 2005 - 13/05/2005
The Australian Government commissioned an independent review to examine the source and extent of competitive advantages in the medical indemnity insurance industry arising from Government assistance, to identify and evaluate options to redress any imbalance, in the context of its general policy aims of affordable and stable medical indemnity insurance.

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