Medibank has reported a 10.7% drop in full-year net profit.
The health insurer said Australians continue to sign up for new policies spurring strong earnings growth, but the health system needs urgent attention to address productivity issues and remain fit to serve the country?s needs.
?Our customer growth has been a standout, with the number of resident policyholders up 3.2 per cent or almost 61,000 over the 12-month period,? said CEO David Koczkar.
Medibank share price went up 0.28% in morning trade.