New Zealand households cut health insurance despite rising claim payouts
Health insurance premiums in New Zealand have risen almost 75 percent over the past five years, prompting many households to scale back coverage or drop their policies altogether. The trend reflects growing pressure from the cost of living on household health spending.
Health insurance premiums in New Zealand have climbed almost 75 percent over the past five years, a rise that has pushed many households to scale back their coverage or drop their policies entirely.
Industry data shows claim payouts have also risen notably over the same period, a trend that is putting pressure on insurers to keep raising premiums. But the mounting costs are, in turn, reshaping how consumers approach coverage.
Analysts say families are re-evaluating their spending priorities amid broader cost-of-living pressure. Whether the pullback from health insurance continues in the coming months is being closely watched.
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