Wednesday 25 April 2018

We need better value for our health money

Many people renewed their health insurance last year with the feeling that it could well be the last time they would be able to afford it. Today's news of higher levies will compound their sense of dread -- health insurance is increasingly becoming beyond many people's price range.

Last year, a family of four was paying more than €40 a week for average cover as they juggled their various bills and stretched their shrinking disposable incomes. We have known for some time that, due to complex EU rules, health insurance levies would soon further increase.

These levies were designed to ensure older people, more prone to illness, could still get affordable insurance cover. That is a very laudable aim -- but the accompanying law of unintended consequences will mean much dearer insurance for all.

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