Private health insurance premiums set for biggest jump in five years on April 1

Private health insurance premiums are set for their biggest jump in five years. Premiums are to increase by more than three per cent after approval by the federal government. The changes will come into effect from April 1, and some insurers confirm prices could rise by as much as 4.1 per cent. Australians could pay upwards of $159 more each year. Elderly Australians face an increase of upwards of $200.