Australia Markets close in 1 hr 42 mins

Medibank welcomes health insurance reforms

Medibank Private says federal government health insurance reforms will help improve the affordability and transparency of cover.

The private health insurer has welcomed lower prostheses prices, incentives for young people to take up insurance, and measures to make mental health services more accessible and affordable.

Shares in Medibank Private were 6.5 cents, or 2.1 per cent, higher at $3.105 at 1118 AEDT.