(1) This section applies to a private health insurer in respect of a month if:
(a) the private health insurer is a * participating insurer in respect of the month; and
(b) the private health insurer made a claim in respect of the month under section 279 - 1; and
(c) the amount claimed by the private health insurer was less than the sum of the amounts by which premiums in respect of the month under the * complying health insurance policies issued by the private health insurer were reduced because of the operation of this Division.
(2) The private health insurer may apply to the Chief Executive Medicare for payment of an amount (the additional amount ) not exceeding the difference between:
(a) the sum of the amounts by which premiums in respect of the month under the * complying health insurance policies issued by the private health insurer were reduced because of the operation of this Division; and
(b) the amount already paid to the private health insurer under section 279 - 1 in respect of the month.
(3) An application under subsection (2) may relate to more than one month.