VHI: Insurance premiums could rise by up to 45%

The VHI is warning the Government that its health insurance premiums could rise by as much as 45% next year unless the company is allowed to phase in new charges proposed by the Health Minister.

VHI: Insurance premiums could rise by up to 45%

The VHI is warning the Government that its health insurance premiums could rise by as much as 45% next year unless the company is allowed to phase in new charges proposed by the Health Minister.

According to the Irish Times, the State-owned insurer said that Heath Minister Dr James Reilly's plans to charge private patients for using public hospital beds will add more than €200m to the cost of its claims.

The VHI said that it may be forced to introduce a 45% rise in the price of some premiums as a result, but said that it could use other measures including better efficiencies and changing members cover to make up at least 50% of the cost of the charge.

The insurer said that if the levy is phased in over the next five years it could limit the rise in premiums to 2% per annum.

more courts articles

Stephen Bear ordered to pay back profits from sharing private sex tape Stephen Bear ordered to pay back profits from sharing private sex tape
Gary Glitter victim seeking six-figure sum in damages, court told Gary Glitter victim seeking six-figure sum in damages, court told
Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother

More in this section

Irish homelessness Government criticised for missing social and affordable housing targets
National Risk Assessment for Ireland Tánaiste urges Israel ‘to show humanity’ and allow more aid into Gaza
Lego set based on RNLI lifeboat could soon become a reality Lego set based on RNLI lifeboat could soon become a reality
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited