Published: February 03, 2020
Australian Prudential Regulation Authority may force underperforming funds to merge in industry ‘death spiral’
Only three private health funds will be financially viable within two years if the industry does not take urgent action to break out of its “death spiral”, the prudential regulator says.
In what he described as a “blunt message” to the troubled industry, Australian Prudential Regulation Authority member Geoff Summerhayes warned the regulator might force underperforming funds to merge if they did not control their costs or arrange their own merger.
Continue reading...from The Guardian https://ift.tt/2RUUxwD
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