Australia's health insurers are being slammed for reporting "obscene" profits at the same time as premiums keep being jacked up.
The funds have reported a post-tax profit of $1.3 billion for the first 4 months of the this year - an increase of 18 per cent on the year before. That massive profit came at the same time as premiums were increased by 4.8%... because the companies were fighting "increasing costs".
More to come...