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Isn’t HBF increasing its premiums to lift its profits?

April 26, 2017hbf isn’t lift premiums profits

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Isn’t HBF increasing its premiums to lift its profits?

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No. We are a not-for-profit health fund. With no shareholders to pay dividends to, we only raise premiums to cover the cost of claims, manage the fund and maintain adequate reserves to cover the cost of future claims.