Lifeblood of private care is drying up
MOUNT Carmel's closure is a symptom of an illness that is spreading throughout the private healthcare sector.
Other private hospitals are also battling for survival. The prognosis is uncertain. The number of people with private health insurance – the life-blood of such hospitals – plunged as the economy collapsed and premiums soared.
Changes introduced in last October's Budget also resulted in health insurance premiums jumping by between €60 and €500 a year per adult.