Vhi international pays out over €6.6 million in 2012
The insurance company paid out €4.1 million in medical and hospital cases, and €330,000 in maternity claims.
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The insurance company paid out €4.1 million in medical and hospital cases, and €330,000 in maternity claims.
There are many reasons why competition in the healthcare sector will not work in the same way as it does in markets for other goods and services, says Brian Turner – who asks if more competition would mean better value.
The former chief executive of the Irish Medical Organisation departs with a €10 million pension which has been halved following negotiations.
In a speech today Reilly said the insurance provider targets younger, more profitable customers rather than the more expensive, older customer”.
In 2012, 64,000 people dropped their health cover.
Just under 2.1 million were covered by private policies at the end of 2012, a fall of nearly 3 per cent over the year.
An average of 6,000 people leave the private health insurance market every month and Fianna Fáil said there is little incentive for young people to take it on.
The company said it has minimised increases on all plans and there are no increases on many of our entry level plans.
The managing director of the company, Dónal Clancy, said that Ireland’s healthcare market needed “radical reform”.
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VHI is reported to be announcing another price increase today as the number of those with private healthcare falls. Do you have health insurance?
This evening James Reilly will lead Dáil statements on the report of the Expert Group into the A, B and C ruling.
James Reilly unveils a programme of ambitious reform in the health sector – saying he’ll need two terms to totally finish it up.
Representatives from all four health insurers told an Oireachtas committee it could help to save a struggling industry.
The company said the fact that people are living longer with chronic illnesses and the rising cost of public hospitals were the main factors contributing to the increase.
Three months before the risk equalisation scheme is due to come into effect, it remains unknown as to what impact it will have on private health insurance premiums.
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The latest data from the Health Insurance Authority show that the numbers covered fell by 16,000 between March and June.
The proposal from the EU Commission said VHI’s state protection gave it an unfair advantage over its competitors.
As another company enters the Irish health insurance market, we’re asking: do you have insurance?
GloHealth is Ireland’s fourth health insurer.
The Health Insurance Authority has warned of a cycle of increased premiums causing more customers to cancel policies, resulting in premiums rising further.
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Less than half of the Irish population now have private health insurance cover, the Minister confirmed in the Dáil last week.
The former Quinn Healthcare will create the positions over three years as part of a renewed investment.
The company is abandoning the name of Seán Quinn, its bankrupt former owner whose finances have been the subject of controversy.
A ruling is not expected until June – at which point Obama will be knees-deep in a bitter re-election campaign.
The health insurer’s profits compare to after-tax losses of €3.1 million in 2010 and €41.7 million in 2009.
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New figures from the Health Insurance Authority show that 47 per cent of the population are covered by inpatient health insurance.
The scheme will transform Ireland’s healthcare into a “single-tier” system, the Department of Health said.
More bad news for already-stretched household budgets as insurance costs have now risen by up to 65 per cent in the past 13 months.
The insurer said prices across its schemes will rise by six per cent from March.
The Minister for Health should reverse a “dangerous” policy which is pricing people out of the health insurance market, a Fianna Fáil TD has said.