This article basically discusses about Medicare which is a federal health insurance program for people who are of an age 65 or above and it may also include people who are young but suffering with certain disabilities. The article demonstrates the idea which the Socialist Alliance endorsed the principle of universal health insurance and emphasized that Medicare is no longer defining a safety net (MCILROY, 2014).
Moreover, private health insurance also has been a massively subsidized access to health care in Australia and this too had been a submissive portion of the government as it provided more resources to public hospitals as well. Private health insurance has also been encouraged as a two tier health system which provided Australian health insurance with the same access to that of health care (MCILROY, 2014).
The Finance Minister Mathias Cormann’s announcement for privatization led to a rage of anger among the people of Australia as the meeting of federal and state treasurers which would also be an initial public offering in the next financial year. The government had also announced that the federal opposition too had huge impact on the sale and final output based on the total strength of insurer’s of about 4000 staff and its 3.8 million policy holders in total. When Medibank got privatized the government too had taken active participation in the government’s business which actively involved themselves in the business and also found out better ideas to handle costs and outcomes as it was in the private enterprise (MCILROY, 2014).
Medibank also made history as part of the universal health insurance scheme that has provoked and resulted in a general strike which was called by the Australian Council of Trade Unions. Private health insurance funds had also co-existed with that of the Medicare system as it introduced the same in the contradictory manner which also led to operations in the organization regarding that of universal public healthcare system. The extension and radical healthcare system reform of Medicare has been under attack from creeping privatization, outsourcing and also providing on with charges as well as fees (MCILROY, 2014). The idea of privatizing public health and moving towards an expensive as well as inefficient US kind of managed care system as well as working on government’s agenda. The insurance company too had decided on this system where they cared and provided for patients in their spending as based on the capacity up to which insurance level is covered (MCILROY, 2014).