Australia’s largest health insurer Medibank has welcomed the Australian Government’s announcement that it intends to proceed with the sale of Medibank through an initial public offering of shares (IPO) by December.

Medibank Chairman, Ms Elizabeth Alexander AM said, "Medibank welcomes this announcement to proceed with the preliminary step that will lead to our historic debut onto the ASX."

Medibank Managing Director, Mr George Savvides also welcomed the Australian Government’s announcement and said that Medibank would continue to be committed to its many customers.

"We are excited about this next opportunity for Medibank and what it may bring.

"The Medibank Australians have trusted for years, is the very same Medibank that will continue to look after your health well into the future.

"If you are a Medibank or ahm customer, please be assured you remain a top priority and we remain focussed on delivering excellent value and service. This will not change."