A $1.5bn claim by Cobra Health Australia is back in the spotlight after the government said it was not prepared to pay the premium for the insurance.
The claim has been the subject of a political firestorm since it was first reported last week, with both Labor and the Coalition accusing the government of being too cautious about making the claim.
The $1,300 claim is the largest of its kind in Australia and the government is expected to lodge the claim at the end of this month.
However, it could face legal challenges over the legal right to do so, which has raised the ire of both Labor MPs and health insurers.
The Cobra claim came in a letter from the health insurance company’s chief executive and was signed by its chief executive, Andrew Nabb, on Friday.
It said that the insurer was “not prepared to provide the premium” for Cobra, and that the premium could be paid by insurance companies.
It continued: “The Cobra insurance company has not made a decision as to whether it will provide Cobra’s premium, and as such is not prepared or able to provide Cobras premium.”
The Cobras insurance claim is in line with the insurance companies legal rights to make a claim, which include the right to exclude others from making the premium.
It also came just a day after Mr Nabb was forced to issue a statement in response to claims from the Labor Party about the insurance claim.
He said that Cobras premiums were set to increase by between 2% and 3% from this month to June, and said that if there were no new claims, he would not be able to meet those rates.
The Labor party also made a point of attacking the Cobras claims as “bullying”, saying the insurance claims were the “largest insurance claim ever”.
Mr Nabbit has also been criticised for the claims, with health insurers warning that the company could be forced to pay a penalty of $200,000.
Labor Health spokeswoman Michelle Rowland said she did not think it was a big enough premium, but added: “What it does do is put the government in a difficult position and if they don’t pay that, they are going to have to pay it.”
The Labor Party also claimed that Cobra was “using its enormous power and influence to push through its own policy”.
“This is a threat to the health system,” Ms Rowland told the ABC.
The Health Insurance Commission of Australia, which runs the Cobra policy, said it had no comment on the Cobrains claims, but it did say that the claim was made under the Insurance and Investment Act 1997. “
The insurance industry, for the last two years, has been telling us they’re not going to provide that service, so we’re left to wonder why.”
The Health Insurance Commission of Australia, which runs the Cobra policy, said it had no comment on the Cobrains claims, but it did say that the claim was made under the Insurance and Investment Act 1997.
The Health Commission said that it had not received the claim and did not have jurisdiction to make any decisions about it.
The commission did say it was looking into the claims. “
In the absence of a claim being made, the Commission cannot make any determination.”
The commission did say it was looking into the claims.
However the ABC understands that there is still a significant legal wrangle over the Cobrahs insurance claim, with Mr Nabe and the Health Insurance Commissioner of Queensland (HICQ) currently seeking to determine whether the claim is legally enforceable.
The HICq has previously declined to make the claim because it did not want to put the policy at risk, but that has been ruled out by the government. “
We have asked the company for further information to assist us in making a determination of this claim.”
The HICq has previously declined to make the claim because it did not want to put the policy at risk, but that has been ruled out by the government.
The government is not the only one who is concerned about the Cobrebs claim.
Mr Nabba’s claim has also drawn the ire on social media, with many claiming that the claims are a way to pressure the government to make an announcement.
Labor Senator Sam Dastyari told Sky News on Sunday that it was “crazy” for the government not to pay.
“This guy, this insurance company, he’s been doing this for five years,” Senator Dastyaris said.
A spokesperson for Health Minister Josh Frydenberg said that he had no information on the claim, and was not aware of it. “
And they’re getting the attention of a lot people.”
A spokesperson for Health Minister Josh Frydenberg said that he had no information on the claim, and was not aware of it.
“When the Minister of Finance receives a claim of this nature, he will immediately take it up with the Insurance Commissioner,” the spokesperson said. Labor