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Why did the Federal government introduce the Medicare Levy Surcharge? (A) To decrease the cost of private health insurance (B) To fund the Pharmaceutical Benefits Scheme (PBS) (C) To encourage people to take out private hospital insurance (D) To assist low income earners to meet the cost of insurance - HSC - SSCE Personal Development and Physical Education - Question 9 - 2008 - Paper 1
Question 9
Why did the Federal government introduce the Medicare Levy Surcharge? (A) To decrease the cost of private health insurance (B) To fund the Pharmaceutical Benefits ... show full transcript
Worked Solution & Example Answer:Why did the Federal government introduce the Medicare Levy Surcharge? (A) To decrease the cost of private health insurance (B) To fund the Pharmaceutical Benefits Scheme (PBS) (C) To encourage people to take out private hospital insurance (D) To assist low income earners to meet the cost of insurance - HSC - SSCE Personal Development and Physical Education - Question 9 - 2008 - Paper 1
Step 1
To encourage people to take out private hospital insurance
Answer
The Medicare Levy Surcharge was introduced by the Federal government to motivate individuals to take out private hospital insurance. This policy aims to reduce the demand on the public health system by encouraging higher income earners to invest in private health insurance options, thereby alleviating some of the burden on public healthcare services.