BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Healthcare services in Australia are funded by the Australian Government and by private health insurance. Australia’s public healthcare system is called Medicare. Medicare provides healthcare for Australian residents for free, or at a reduced cost. It is paid for out of taxes that every Australian pays.

Detailed explanation-2: -Medicare funding Medicare is a national scheme providing Australians (and some overseas visitors) with free or subsidised health services.

Detailed explanation-3: -It was introduced by the Hawke government in 1984 to ensure that all Australians have access to medical and hospital care when they need it.

Detailed explanation-4: -Medicare and the public hospital system provide free or low-cost access for all Australians to most of these health care services. Private health insurance gives you choice outside the public system. For private health care both in and out of hospital, you contribute towards the cost of your health care.

Detailed explanation-5: -Medicare is funded by the Australian Government through taxation revenue, including a Medicare Levy and a Medicare Levy Surcharge (ATO 2021).