Medibank Private was established by the Australian government in 1976 and has been an autonomous Federal Government Business Enterprise since 1998. As a not-for-profit health fund it is committed to making private health insurance attractive and affordable for all Australians on a sustainable basis.
Member service is a critical role of health insurers and Medibank Private serves its members through 102 retail centres. It has around 30 per cent of Australia's private health insurance market, covering almost three million people and holding net assets of over $392 million.