The Trouble with Private Health Insurance in Ireland

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Private Health Insurance,Ireland,Premiums

The dysfunctional Irish healthcare system and limited options in the private health insurance market are causing issues for consumers.

The trouble with private health insurance in Ireland is threefold. First, there are only three players in the market – VHI, Laya Healthcare and Irish Life Health – and they are all raising premiums by more or less the same amount. Second, the dysfunctional Irish healthcare system means people know they face extraordinarily long waiting periods in the public health system.

That inevitably increases the pressure on consumers to consider private health insurance – a safety valve successive governments have been only too happy to accommodate over many years, rather than addressing the fundamental issues with healthcare provision in Ireland. On top of this, since 2015, a lifetime community rating has been introduced to protect a system that charges everyone on a policy the same regardless of age or medical recor

Private Health Insurance Ireland Premiums Waiting Periods Healthcare System

 

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