Medibank Private Limited (ASX: MPL), commonly known as Medibank, is a leading Australian private health insurer. Founded in 1976 by the Australian Government, it initially operated as a not-for-profit insurer. Medibank transitioned to a for-profit entity in 2009 and was privatized by the government in 2014.
Key Aspects of Medibank
- Industry: Insurance
- Headquarters: Melbourne, Victoria, Australia
- CEO: David Koczkar
- Employees: Approximately 3,568
- Customers: Around 4.2 million
- Brands: Medibank and ahm
History and Evolution
- 1975: Established as Medibank by the Whitlam government to provide universal health insurance
- 1976: Medibank Private was established as a not-for-profit private health insurer operated by the Health Insurance Commission
- 1997: Medibank incorporation legislation passed by the Commonwealth
- 1998: Transferred from the Health Insurance Commission to Medibank Private Limited, with the Commonwealth as the sole shareholder
- 2009: Became a for-profit entity
- 2014: Privatized and listed on the Australian Securities Exchange (ASX) .
What Medibank Offers
Medibank provides a range of health-related services :
- Private health insurance (hospital and extras cover)
- Virtual health services
- Home care services
- Preventative health programs
- Also distributes travel, life and pet insurance policies
Medibank is committed to supporting the health and well-being of its members and has a strong focus on customer service, preventative care, and innovation .