A secret 2022 deal in the health minister’s office is still costing Australians millions—locking in sky-high prices for surgical hardware that outpace global markets. Despite warnings from bureaucrats that it favored industry profits over patients, the current minister kept it alive, forcing private health insurance holders to subsidize corporate gains. While some price cuts were made, Australia still pays hundreds of percent more than countries like New Zealand and the UK—and public servants say the original agreement was never properly vetted by the department. Critics call it a legalized wealth transfer, with insurers paying premiums only to see those funds funnel straight into multinational device companies’ coffers.
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