Risk equalisation explained
What is risk equalisation? Under risk equalisation, health insurance companies with younger customers would have to pay money to rivals with older customers because the latter are higher risk.
What is risk equalisation?
Under risk equalisation, health insurance companies with younger customers would have to pay money to rivals with older customers because the latter are higher risk.
Proponents of risk equalisation include the VHI, the Health Insurance Authority (HIA) and the government.
Who will benefit?
The VHI. According to the Health Insurance Authority, the VHI has almost four times as many subscribers as Bupa, but 50 times the number of policy-holders ...
