Privatisation Proposal
In April 2006, the then Howard Liberal government announced its intention to privatise Medibank Private if re-elected at the 2007 election. Australian Labor Party policy was for Medibank to remain as a government business enterprise (GBE), reporting to the Minister for Finance.
Following the election, which Labor won, Medibank Managing Director George Savvides said he looked forward to working with the new Labor government but for Medibank employees and members it would be "business as usual" as they will remain a GBE, "which is what we know, removing the ownership change agenda from our planning process".
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