Health system at tipping point
The 6pc price increase announced by Quinn Healthcare yesterday piles further pressure on an already stressed private health insurance market. Following last November's average 12pc price increase, Quinn Healthcare customers are facing a near 20pc increase in premiums in the space of just two months.
Rival health insurance company Aviva has already announced a 15pc price increase, which will take effect next month. This follows a 9pc increase last August.
VHI, still by far the largest health insurance company with almost 60pc of the market, has also warned that it will be increasing its prices following changes in the way private patients pay for public hospital beds that were announced by Health Minister James Reilly at the time of last month's Budget.