The government revived the blocked proposal, maintaining that the resulting savings are needed to expand aged care capacity and support older Australians.
The change is expected to have a significant financial impact on lower-income older Australians, including pensioners and part-pensioners, while placing additional pressure on the public hospital syst...
Slower growth in China and India drives the easing, while Singapore and Indonesia head the other way at 14.7% and 17.3%, adding to pressure on health insurance affordability.
The funds will be disbursed in two IDR10trn (US$557m) instalments, as the insurer seeks to address a cash flow gap between contributions collected and healthcare service payments.
The Ho Chi Minh City-based company will be 91% owned by ACB Asset Management and authorised to write health, motor, property and other short-tail lines.
