Full Year 2019 NIB Holdings Ltd Earnings Call Transcript
Okay. Well, good morning all, and thanks for those who're attending today. And welcome to those joining us online. As per usual, I'll start off with some highlights. Michelle will get into some detail, and I'll come back and talk after Michelle about probably what you're most interested in, the outlook for the business.
Okay. Just I'd like to start off with 3 key points this morning. The first point to be made, and it's not a platitude, but I think our results continue to be evidence of why we're here. Our fundamental purpose is to improve the health of our members. And the data -- I won't take you through each of these points, of course, but this just clearly demonstrates the role we are playing as a business, and indeed, the role PHI generally is playing in supporting our health care system. Today, private health insurers fund 40% of total hospital admissions and 6% (sic) [60%] of full elective surgery.
But the other point I'd like to make is that we're broadening that role. We're broadening our role
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