Warning that insurance bill for cancer survivors could have unintended consequences

Insurance Ireland claims proposals could lead to a rise in rates paid by all policy holders

Paschal Donohoe, who was then minister for finance, approved a memo for cabinet to suspend the bill for a year. Picture: PA

Insurance Ireland warned the government that a bill to give cancer survivors equal access to insurance products could have “unintended consequences” and could restrict the availability of specified illness cover in Ireland, just days before the Minister for Finance stalled the legislation in the Seanad.

The Central Bank (Amendment) Bill – introduced to the Seanad by Catherine Ardagh, the Fianna Fáil senator, and Jerry Buttimer, the Fine Gael senator on October 18, 2022 – proposed ...