Thousands of patients facing healthcare price hikes after negotiations break down between St Vincent’s and NIB

Australian Medical Association is urging both parties to reach an agreement for the sake of patients

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Thousands of patients could face higher out-of-pocket healthcare costs after negotiations broke down between St Vincent's private hospital network and the private health fund, NIB, for a new funding agreement.

On Thursday, St Vincent's Health Australia gave notice to NIB that it will walk away from its contract within the next 65 business days unless a fairer funding agreement is reached.

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