Jun 16, 2026 – 6.00pmInsurers and hospital operators warn that as many as 200,000 Australians will downgrade their top-tier health cover due to cost-of-living pressures and the Albanese government’s decision to axe a tax rebate for elderly Australians, putting huge pressure on public hospitals.Chief executives from across the private health sector on Tuesday called for the government to scrap the four-tiered gold, silver, bronze and basic product system introduced by the Morrison government seven years ago, saying it was out of date and confusing.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles