Medibank sale is bad medicine

Date: 24 August 2006

www.savemedibank.net.au

Despite growing community concerns the Federal Government is steaming ahead with plans to sell Medibank - Australia's most successful 'not-for-profit' health fund.

CPSU National Secretary, Stephen Jones said: "Selling Medibank will reduce competition between funds, putting pressure on premiums and the quality of health care - yet Medibank's three million members have not even been consulted about the proposed sell-off.

"Big business is already lining up to grab a share of Medibank's $1 billion assets, but who actually owns them - Medibank members or the Federal Government?

"We believe Medibank members deserve a say in the future of Medibank. We are working to promote more discussion and scrutiny of the Government's push to sell off this important public asset.

The Government has said it will announce its plans for Medibank's future in October and may pass new legislation enabling the sale later this year.

What you can do...

• Complete the survey click here or email us for copy
• Find out more  www.savemedibank.net.au
• Talk to family and friends about the issue or ward forward this information.

For comment Call Stephen Jones on 0417 261 152.

Did you know...

• Medibank is Australia's only national health fund, with outlets in every state.
• More than 3 million Australians rely on Medibank.
• Medibank is a publicly owned, 'not-for-profit' company.
• Under the current rules, any profits made by Medibank must be reinvested for the benefit of members.

For further information

Contact:	Stephen Jones (National Secretary)
Union:	CPSU
Phone:	0417 261 152

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