Medibank Australia was founded by the Australian Government in 1976, with Medibank being Australia's largest private health insurer. The government believes that it is now time for it to move forward and privatize Medibank at the end of this financial year or the next financial year. The reasons why the government is privatizing Medibank are to maintain the service and excellence of Medibank's customer stages, to ensure that sales development treats Medibank workers decently, as well as to reduce problems over the years later, such as debts. of the government. Thus, it will help the government by giving more powers to the private health insurance sector, in competition with other countries. Additionally, the privatization of Medibank will deliver great values ​​and health outcomes for all residents of Australia. On the one hand, the government will continue to invest massively in useful, virtuous and viable private health insurance (Medibank. 2014). This essay will examine the goods and services provided by privatization and why the Australian Government should privatize Medibank. One of the good reasons why the Australian Government should privatize Medibank for the benefit of the company owner is that public sector works are undertaken to meet the needs of community in which the private sector works is simpler and more focused massively on the realization of profit prospects. By selling Medibank to the private sector, the Australian government will be able to reap profits that could help residents in need and support states with 15 percent of payments to help the Australian government with new equipment they have purchased. required, example of road construction, education and new ...... middle of paper ...... (Csaba, Laszlo, 1994 p28). Works Cited Medibank. 2014. Privatization of Medibank. [ONLINE] Available at: http://www.medibank.com.au/about-us/privatisation/. [Accessed May 5, 2014]. The Australian. 2014. National Affairs. [ONLINE] Available at: http://www.theaustralian.com.au/national-affairs/coalitions-10bn-asset-clearance/story-fn59niix-1226905277289#. [Accessed May 6, 2014]. Hubbard, R, Glenn, 2013. Essential of Economics. 2nd ed. Australia: Pearson Australia Fran Collyer, Jim McMaster and Roger Wettenhall, 2001. Public Enterprise Divestment. 1st ed. Pacific Institute of Management and Development: South Pacific.vernmentRoth, Gabriel, 1987. The private provision of public services in developing countries. 1st ed. United States of America: University of Oxford Csaba, Laszlo, 1994. Privatization, liberalization and destruction. 1st ed. England: Dartmouth