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MPL, MEDIBANK PRIVATE LIMITED
blacksheep
post Posted: Sep 3 2019, 12:51 PM
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QUOTE
Medibank Private is being sued by the consumer regulator for allegedly denying benefits to more than 800 members who were entitled to claim on their policies.

Key points:
Medibank says it has already compensated 175 customers a total of $745,691
ACCC alleges Medibank (through its 'ahm' brand) breached the Australian Consumer Law
The regulator says 60 customers had to upgrade their policies "needlessly"
The Australian Competition and Consumer Commission (ACCC) has filed a claim in the Federal Court, accusing the health insurer of making false representations to its members and breaching consumer laws.

https://www.abc.net.au/news/2019-09-03/medi...t-accc/11473566
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Dec 1 2016, 09:15 AM
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Medibank Private Ltd (MPL) held an Investor Day yesterday,
- YTD Health Insurance revenue is slightly below expectations, and
- FY17 Operating Profit is to be broadly in line with FY16.

tough gig, selling a product to healthy people who may not need it now. Especially when premiums increase every year at rates higher than average incomes.

The first PowerPoint chart highlighted "the growing gap between health care costs and wages growth. Between 2007 and 2011 wages grew by 3.7 per cent, or 0.7 per cent a year. Over the same period healthcare costs grew by 9.8 per cent, or 2 per cent a year."

And especially as the lower socio-economic groups are being squeezed, with "more than half the 13 million Australians with private health insurance have annual disposable incomes of less than $50,000. He says that means that "sensitivity to any changes in premiums is very real".




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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alonso
post Posted: Jul 23 2015, 10:43 AM
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In Reply To: alonso's post @ Jul 15 2015, 02:23 PM

Medibank is coming in for a fair amount of criticism from various quarters. Have the bean counters & financial modellers gained too much influence?
This from the AFR:

"The head of the doctors lobby, Brian Owler, says Medibank Private's hardball negotiating demands are offensive and misunderstand the motivations of health professionals.

Referring to the market-leading insurer's contract negotiation stoush with Catholic provider Calvary Health Care, the Australian Medical Association president said one of the 165 "highly preventable adverse events" that Medibank has said it will not pay for is maternal death associated with childbirth.

"Unfortunately, maternal death can and still does occur in a very small number of cases – as tragic as that is," he told the National Press Club in Canberra on Wednesday.

"Personally, however, I find it offensive that a private insurer would refuse to cover the costs of that patient and hospital in such a tragic event.

"If someone thinks that a financial incentive will motivate doctors, nurses or anyone else in a hospital to prevent maternal death any more than they desire to do so now, then they have no understanding of medicine or the people in it."





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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

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alonso
post Posted: Jul 15 2015, 02:23 PM
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Any holders here been following the spat the fund has had with the Calvary Group?
How do you see this playing out in terms of membership and possible flow-on effects?



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
alonso
post Posted: Jun 1 2015, 12:16 PM
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In Reply To: alonso's post @ Jun 1 2015, 10:59 AM

Although I will add to that by saying there certainly looks to be a lot of competition in the health insurance business of late as the established funds and the newbies all vie to take bits of the same pie off each other.



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
alonso
post Posted: Jun 1 2015, 10:59 AM
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In Reply To: cooderman's post @ Jun 1 2015, 10:40 AM

I just looked at the Westpac chart I've been using and I can see it falling below the WMA but not much indication that there could be a bounce. As you say, it's only likely to be a thin profit margin if it does bounce.
Don't know what its fundamentals are.



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 


cooderman
post Posted: Jun 1 2015, 10:40 AM
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MPL dropping towards low and what you would hope is support....plenty of sellers
it might be worth a risk if it bounces off that support..... hardly worth a trade unless you were buying 10k as it may only trade back up
to 2.23.
chart after half hour trade.
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Barra
post Posted: Dec 9 2014, 12:10 PM
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In Reply To: veeone's post @ Dec 8 2014, 03:13 PM

Just wondering if anyone else has had their MPL shares allocated to a trust or put under a slightly different name and as such the shares are sitting with computershare.

I've been back and forth trying to get my shares transferred to my HIN but it seems quite convoluted - almost as if someone wanted these shares to be difficult to trade! Or it was just my dopey effort at filling in the application..I'm certain I didn't designate a trust account as I don't own one!






 
veeone
post Posted: Dec 8 2014, 03:13 PM
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Wow that was a line wiper in auction.........140 million shares thru approx closed at $2.19...........V1

 
jeeves
post Posted: Dec 4 2014, 12:48 PM
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In Reply To: mb75's post @ Dec 4 2014, 10:05 AM

Just had mine refunded to my bank account. Now what to buy??????

 
 


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