rubbish, why should they give for free.
Its not a co-op. Its government owned.
Did the government give CBA for free?????
Originally Medibank was set up so that the funds it held would be for the benefit of members, it was not a government owned corporation in the sense that Qantas and Commonwealth Bank were. It took government legislation to take control of those assets, corporatised Medibank and became the sole shareholder for the sum of $100 and started collecting dividends. Some folks are still bitter about that move, regardless of whether it was legal or not.