Reform the right medicine for sick funds THE Abbott government's first big privatisation will be the one that got away in 2007: health insurer Medibank Private. As revealed by The Australian last week, new advisers will be appointed before Christmas to undertake a fresh scoping study to facilitate Medibank's sale in 2014. Presumably the study will consider such issues as whether to sell the insurer as an entity or break it up to maximise the return from its most profitable constituent businesses, especially its health solutions arm.