Private health insurance premiums in Australia are regulated by the Commonwealth Government. Premium increases often well exceed the national consumer price index, which suggests that consumers are not receiving value for money for health insurance products. The current regulatory framework does...

Price-cap regulation is widely applied to network industries. However, regulators often encounter the problem of asymmetric information on efficient costs. Benchmarking can help reduce this problem. We present a benchmarking analysis, conducted for an Australian regulator, that derives measures...