Insurers' Shares Rise After Australian Government Approves Premium Increase

MT Newswires Live

02/18

Shares of insurers rose Wednesday after the Australian government approved on Tuesday an average premium increase of 4.4% in private health insurance from April 1.

Shares of Medibank (ASX:MPL) rose almost 6% and NIB Holdings (ASX:NHF) jumped 4% in recent trade.

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