NZ First have a private members bill that they have presented to Parliament, proposing a rebate for health insurance for over 65's.
New Zealand First believes its health insurance premium rebate plan will result in tax rebates of about $100 million.
But MP Andrew Williams, who presented the Affordable Healthcare private member's bill to Parliament, said the policy would end up being fiscally neutral as there would be a reduction in state healthcare spending as people's insurers paid for more elective surgery.
The bill, if it became law, would result in a 25 per cent health insurance rebate for people aged more than 65 who held a SuperGold card, and would also see the removal of fringe benefit tax from health insurance premiums paid for by employers.
Insurance rebate would hit $100m - NZ First
If you have any thoughts or opinions that you would like to share, visit us at our Facebook or Linked In pages, and comment.
For more blog articles on insurance, check out these posts:
Yes Health Insurance really does work!
Should you have health insurance cover?
Have you got the best income protection or trauma insurance policy?
By Carey Church