Private Health funds are under fire over soaring premiums.

Last financial year, health insurance premiums increased by $911 million, with about $570 million marked as profits.

Price hikes usually occur in April but providers including Medibank, Bupa, HCF and NIB delayed the increase until next month.

Private Healthcare Australia has insisted health funds are doing everything they can to keep premiums affordable.

Private Health expert Kyle Sheldrick told Ben Fordham that’s simply not true.

“Doing everything you can to keep premiums affordable doesn’t mean squeezing more and more out and paying less and less.

“Let’s call it what it is – insurer greed.”

Press PLAY below to hear the full interview

Image: Getty