In Australia, Millennials and Gen Z are increasingly questioning the value of private health insurance due to rising premiums and limited coverage. As costs outpace wage growth, many young people feel financially squeezed. They often face additional out-of-pocket expenses and are penalized for delaying enrollment due to the Lifetime Health Cover loading. The government’s significant subsidies to private insurers contribute to their profits, while public healthcare suffers. The call for change stresses the need to invest in Medicare and reduce coercive penalties, advocating for a healthcare system focused on accessibility over profit.
