Wednesday 13 December 2017

Cherry-picking health insurance customers

The reaction of the different health insurance companies to the 40pc increase in the levy which compensates those with large numbers of older subscribers, ie VHI, at the expense of those with a disproportionate number of younger customers, ie Quinn and Aviva, spoke volumes.

While the VHI welcomed the move, Quinn and Aviva were loud in their criticisms.

A basic principle of the Irish health insurance market is risk equalisation, which means that everyone, regardless of age or state of health, pays the same price for the same policy.

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