04-August-2010
Portfolio Media Releases, Health, The Economy, Community, Funding
The revelation that Labor intends to pillage Medibank Private confirms that Labor has no plans to end the waste, repay the debt and stop the reckless spending other than taxing, borrowing, and now raiding government instrumentalities.
It’s the same tactic State Labor Governments have used to rip dividends out of their electricity and water authorities, forcing up electricity and water prices dramatically.
Another three years of Federal Labor will see Australians pay a huge price in higher interest rates, higher taxes and now higher health insurance premiums.
According to a leading health actuary, the 2 million members of Medibank Private will each be $195 worse off as a result of Labor stripping out its $300 million special dividend.
Labor didn’t want to reveal the raid on Medibank Private before the election but were forced to do so because their finances are so tight they need the money to help pay for their election promises.
So they slipped it out last thing on Monday evening, hidden amongst a mass of other detail, hoping no-one would notice.
This is just the start of the price Australians will pay for Labor’s waste, debt and deficit.
Media: Sam Fairlie-Cuninghame 0438 285 780