i would so be dumping the PHI...we did and have not regretted it. in the end the money we saved by not having it was heaps and when I have had to go for surgery or have private consults we paid out of pocket (and we save heaps by not having to fork out thousands for PHI). for example my tonsillectomy was $1500 whereas with our PHI i would of only had a discount and paid almost $2000 that year for cover lol. for us the maths just didnt add up.