MTAA wishes to thank Trent Zimmerman MP and Dr Mike Freelander MP and welcomes the tabling of the New Frontier Report from the Standing Committee on Health, Aged Care and Sport’s Inquiry into approval processes for new drugs and novel medical technologies in Australia which provides a clear path forward for the adoption of new and innovative devices into the Australian health system.

Corporate insurers collected a staggering $1.8 billion in profits over the past year by collecting more in premiums from members while paying out less in claims, according to the Medical Technology Association of Australia (MTAA). MTAA has called for these profits to be immediately returned to members through premium reductions to increase the affordability of private health care.