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NIB (ASX:NHF) Shares Fall On Insurance Inquiry Calls

The NIB Holdings Limited (ASX:NHF) share price is down 4.4% in reaction to calls for a private health insurance inquiry. 
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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The NIB Holdings Limited (ASX: NHF) share price is down 4.4% in reaction to calls for a private health insurance inquiry.

NIB is one of the ASX’s largest private health insurers, it was founded in 1952. NIB provides health and medical insurance to over 1.5 million Australian and New Zealand residents. NIB also provide health insurance to more than 160,000 international students and workers in Australia. It’s also Australia’s third largest travel insurer and global distributor of travel insurance through its World Nomads Group business.

NIB Suffers From Inquiry Calls

According to the Sydney Morning Herald, the director of the health program at The Grattan Institute, Stephen Duckett, has called on the government to look at the private health insurance sector because premiums continue to increase faster than wages with falling membership rates.

The Australian Financial Review also reported that broker Goldman Sachs has given the insurance business a ‘sell’ rating and thinks the share price will fall to $5.63 over the next 12 months.

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