Wednesday September 23, 2020

Your Money: How do you fix a broken market?

We asked the country’s health insurers what they think should be done to solve the crisis in the health insurance market. Here’s a summary of what they told us.

15th June, 2014

Aviva

Insurers must be allowed to negotiate robust contracts with public hospitals for accommodation and procedures. The current system, whereby the minister sets charges on a per diem basis, rewards inefficiency and poor performance. In recent years, the cost of treatment in private hospitals has fallen as insurers negotiate robust contracts in a competitive market.

Measures to rebalance the age structure of the insured population would reduce the cost of claims which are putting upward...

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