Monday 29 May 2017

Trend of younger people cutting back on cover will push prices up

There is a big prize at stake and insurers have decided to go hell for leather to win it
There is a big prize at stake and insurers have decided to go hell for leather to win it

THE Irish private health insurance market has seen significant changes in recent years.

Having grown consistently since 1957, the number of people insured has now fallen by over 260,000 since the end of 2008, exposing some problems that were perhaps masked by previous growth.

Although the decline in the numbers insured has been relatively modest – less than 12pc overall – the profile of those leaving is more worrying, with discontinuation concentrated in younger age groups.

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