Government Plans to Cut Health Insurance Rebate for Over-65s, Saving $3 Billion

The government plans to cut the private health insurance rebate, a payment that lowers the cost of private cover, for people aged 65 and over. It would save about $3 billion over four years, directed to aged care. The ABC reports almost 80,000 older Australians are expected to drop private cover. Albanese says the Coalition is hypocritical for not backing it.