Summary
Amendment to Health Insurance regulations, modifying the 1991-1992 General Medical Services Table that defines Medicare Benefit Schedule items, fees, and billing rules for medical services. The instrument updates service descriptors, fee schedules, and billing requirements for procedures, consultations, and diagnostic services.
Reason
Government-regulated fee schedules for medical services represent classic price fixing that distorts healthcare markets. The Medicare Benefit Schedule system, which this instrument maintains, creates artificial pricing that prevents market signals from coordinating healthcare resources efficiently. This leads to supply constraints, longer wait times, and suppressed innovation. The 1991-1992 base year being repeatedly amended reflects regulatory ossification rather than responsive policy. Compliance with these complex billing rules imposes substantial administrative burden on practitioners, diverting resources from patient care. A free market in medical services would allow competitive pricing and greater access, as demonstrated by the numerous bulk-billing deserts across Australia where regulated fees have driven practitioners away.