30 November 2011
The outlook for the Irish health insurance market is bleak to say the least.
Only last week, VHI announced a 2% price increase and Quinn have just announced their latest increase of an average of 12% which will come into effect on 1st Jan next. We can expect all three insurers to announce further price increases in quarter 1 similar to what happened between Jan- April this year. Approximately 43,000 people cancelled their health insurance in the first half of this year and we can expect this fi