Companies Benefiting From Global Trend Towards Government Insolvency
This story features MOELIS AUSTRALIA LIMITED, and other companies. For more info SHARE ANALYSIS: MOE
In search of a solution to ever-expanding debt-to-GDP ratios, Dr Roy van Keulen offers some food for thought, alongside a few ideas of companies likely to benefit
-How will governments improve their debt-to-GDP?
-Taxing lower and middle incomes seems politically impossible for quite some time to come
-Most solutions might simply be to tax the wealthy, reduce spending on healthcare and sell off public assets like roads
By Dr Roy van Keulen
As the US looks close to surpassing an unprecedented debt-to-GDP ratio of 150% (or US$225,000 per US taxpayer), I wanted to explore what happens when governments reach the end of their credit line and are forced to start deleveraging.
Medibank names customer chief David Koczkar to replace outgoing CEO
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Medibank Private has chosen chief customer officer David Koczkar to replace outgoing boss Craig Drummond from May.
In a statement to the ASX, Medibank chairman Mike Wilkins said the board had been impressed by Koczkar’s progress over the past five years as a senior executive with the health insurer, overseeing Medibank’s consumer business including youth-focused insurance arm ahm.
Medibank has confirmed chief customer officer David Koczkar will take over from Craig Drummond from May 17.
Medibank Private poised to name new CEO
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Medibank Private is poised to name its new chief executive in the coming week, with its chief customer officer David Koczkar likely to succeed outgoing boss Craig Drummond.
Mr Drummond – who is president of the Geelong Cats football club – flagged his departure in February from the $8 billion health insurer after five years in the top job.
Medibank Private CEO Craig Drummond finishes up on June 30 after five years in the top job. Elke Meitzel
He leaves the business in great shape and will step down on June 30. Mr Drummond is not seeking any new executive roles, but may take on board seats and work with private equity.
Medibank Private CMO joins LiveTiles board
Fiona Le Brocq one of two new non-executive board directors at tech vendor
Medibank Private’s chief marketing officer, Fiona Le Brocq, is one of two new non-executive directors announced at employee experience management, vendor, LiveTiles.
The current senior executive for brand and marketing at the health insurance group joins the board as two former board directors, Andrew McKeon and Dana Rasmussen, resign, effectively immediately.
Le Brocq has spent more than five years with Medibank, overseeing customer growth strategy and implementation, brand and digital transformation and customer and employee experience management. Prior to this, she spent over three years with jobs marketplace, Seek, initially as a brand strategy manager before shifting to director of marketing from November 2012 to July 2015. During this time, Seek’s market capitalisation tripled to $6 billion.
Roy Morgan Research Private health insurance customer satisfaction lifts
Base: Australians aged 14+ who hold private health insurance policies.
New data from Roy Morgan shows satisfaction with private health insurance is up both month-on-month and year-on-year. Overall, a total of 73.7% of Australians holding private health insurance were either ‘very satisfied’ or ‘fairly satisfied’ with their private health insurance provider in the latest ‘Customer Satisfaction: Private Health Insurance’ report.
The report is based on interviews with almost 25,000 policy-holders, and tracks rolling monthly averages up to December 2020. It shows that satisfaction across the funds as a whole was up by 0.5% from the previous month, November 2020, and up by 1.8% on a year earlier, December 2019. Many health funds offered assistance including payment pauses or reduced premiums during 2020 to members un