Thursday 23 March 2017

Price hikes killing the golden goose

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?

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