The Bill to sell Medibank Private has been introduced to Federal Parliament.
The Government aims to sell the health insurer in 2008.
The Special Minister of State, Gary Nairn, has told Parliament the sale will boost competition.
"There is no sound policy reason for the Australian Government to continue to own a health fund," he said.
"Competition between funds is the best way of keeping a lid on premiums.
Not commenting on this one...................... Mixed blessing? Don't know - I think only time will tell.