Your Money: The shape of things to come

Increasing prices and government plans are making the future of the health insurance market uncertain, writes Emma Kennedy.

15th June, 2014

Nearly 1,000 people per week are cancelling their health insurance, leaving the market in turmoil and policymakers facing tough decisions.

The latest figures from the Health Insurance Authority (HIA) revealed that 2,031,000 people in Ireland now have health insurance, down from the market’s peak of almost 2.3 million insured people at the end of 2008.

A spokeswoman for VHI Healthcare said that, despite the numbers exiting the market, research consistently shows that there are four key reasons...

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