New survey reveals that only one in five Australians thinks insurance companies should pay more for policies with pre-existing conditions

New survey reveals that only one in five Australians thinks insurance companies should pay more for policies with pre-existing conditions

Business Insider UK – 3rd September 2018 – The results of a survey commissioned by the Insurance Bureau of Australia (ABA) have revealed that only a third of Australians believe insurance companies will be able to negotiate lower premiums for policies containing pre-existing conditions.

The survey of 3,200 people was conducted between January and March 2017.

The ABA’s survey of insurance policy holders has found that only 26 per cent of respondents believe insurers will be in a position to negotiate better deals for consumers, and less than one in four (21 per cent) are satisfied with their insurers’ coverage.

The report also found that while Australians believe insurers should pay for policies to cover their pre- and post-existing medical conditions, only 37 per cent said they would actually pay more.

The most common reason cited by respondents for not being in a situation to pay more was that they are not able to afford it.

Only one in 10 Australians who said they were unable to afford insurance were satisfied with insurers coverage of their pre and post existing medical conditions.

More to come…