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BRIEF-ACCC Says Medibank Fined $5 Mln For Misrepresenting Benefits Of ahm Insurance Policies

Published 16/07/2020, 12:42 pm
© Reuters.

July 16 (Reuters) - Australian Competition and Consumer Commission:

* MEDIBANK TO PAY $5 MILLION IN PENALTIES FOR MISREPRESENTATIONS TO MEMBERS ABOUT BENEFITS

* MEDIBANK WILL CONTACT ABOUT 670 POLICY HOLDERS WHO HAVE NOT ALREADY TAKEN UP CO'S OFFER FOR COMPENSATION TO GIVE FURTHER CHANCE TO CLAIM

* MEDIBANK WILL PAY SOME OF THE 670 POLICY HOLDERS AN ADDITIONAL $400 AS ONE-OFF PAYMENT

* MEDIBANK TO PAY PENALTIES FOR MAKING "FALSE REPRESENTATIONS" ABOUT BENEFITS OFFERED BY AHM HEALTH INSURANCE POLICIES

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