As at 30 June 2024, 5 insurers controlled more than 80% of the Australian market.
Insurer | Market share |
Medibank (including ahm) | 26.7% |
Bupa Health Insurance | 25.4% |
HCF | 12.6% |
nib | 9.7% |
HBF | 8.1% |
TOTAL | 82.5% |
Source: Private Health Insurance Ombudsman: State of the Health Funds Report 2024