Not the sort of Christmas present we were hoping for.

Reports this morning the cost of private health cover is about to soar again, despite the government’s deal with providers to keep premium hikes to 3% or less.

It’s expected private health companies will hike up the price based on increasing costs of procedures.

We’ll know more in December, but word is payments could rise by 3.2%!

It comes as the Morrison government faces criticism for a “death spiral” in the industry where young Aussies are opting out due to the soaring cost of private cover.