Medibank vs Bupa vs HCF - These are the Big 3 players in Australia for private health insurance (PHI). After reading, google-ing in the internet and asking friends and co-workers, I've got to know these 3 PHI better. As such, I will share the infos I already solicited and summarized. Medibank Medibank perhaps is the biggest player being a formerly owned or part-owned by the Australian government as claimed to those who I have talked with. They could be found in almost every mall. Highest premium among the 3 PHI Most popular. Clinics, health boutiques and kiosks - most of them probably accepts Medibank Bupa Multi-national. I believe they could be of serviced in UK and in Europe. They could be found in almost every mall. Cheapest among the 3 in terms of premium The least recommended among the 3 in forums