How average income earners will be pushed into private health insurance by 2020

By 2020 average income earners will be forced to buy private health insurance or pay extra tax after the government quietly extended a freeze in the threshold for the Medicare Levy Surcharge. The income threshold, where rebates start to phase out and taxpayers without private cover are charged the surcharge, will stay fixed at $90,000 for singles until June 2021. The Medicare Levy Surcharge originally targeted high-income earners and was indexed to average weekly full-time ordinary-time earnings. Health Minister Sussan Ley. Photo: Andrew Meares   However, the first Abbott-Hockey budget in 2014 paused indexation until June 2018. The 2016 budget extends the freeze for another three years, saving about…
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