In a quest to promote greater provision for self regarding health care, the insurance companies are now seeking ways to encourage it.
Roger Styles, the Executive Director for the Health Funds Association of New Zealand, said in a press conference that they are concerned with the ascended public health spending in the recent years as compared to the private health spending.
Styles reported that the difference between the developed countries' organization the OECD and his country has deepened further to 8.2% in 2008 from 4.6% in 2001.
He expressed his worries regarding the marked steep in the private health insurance spending to 19.6% against Australia, where it is still 32%.
He also stated that since 2004, the expenditure incurred by Government on health has increased by $12.7 billion from $7.6 billion. Moreover, for the same duration, the private health spending rose from $646 million to $918 million.
He said that he fears that this imbalance can lead to New Zealand’s collapse in financial crisis.
Styles further asserted that, "The twin forces of an aging population and global recession mean we have a small window of opportunity to explore policies which help move New Zealand towards a more balanced health system. Most OECD countries recognize there are merits in people making provision for their health care and actively encourage health insurance by a range of means, with various degrees of carrot and stick”.