Private health insurance premiums have grown at a faster rate than national house prices over the past decade, according to new analysis.

The Medical Technology Association says policy costs have increased by an average of 80 per cent since 2009.

Watch the full story in the clip above

That means a family with top cover who was paying just over $5,800 in 2009 is now forking out over $10,000.

A mid-cover policy, which cost less than $3,000 a decade ago, is now $5,000 and basic cover has leapt from $900 to $1,500.

"Unfortunately what we've seen is private health insurance increases literally go through the roof," Ian Burgess, CEO of Medical Technology Association of Australia told Sunrise.

"Medical device costs have declined but we're seeing continued profitability by the private health insurers, particularly the big three - Medibank, Bupa and NIB."

"Over the last two premiums years they've banked $1 billion in profits."

Want more from Sunrise? Tap here!