Price hikes killing the golden goose
Published 30/11/2011 | 12:33
The announcement that health insurer Quinn Healthcare is to increase its prices by 12pc is further evidence that the government's policy of exploiting private health insurance customers as a source of extra revenue has passed the point of diminishing returns.
The price increase, which comes into effect at the beginning of next year, will add at least a further €300 a year to premiums paid by a family of two adults and two children.
So how can people continue to afford to pay such extraordinarily high premiums at a time of rising taxes, falling wages and mounting job losses?