Ireland's Health Insurance Authority proposes reducing health insurance plans to enhance competition and transparency amid rising premiums.
The Health Insurance Authority (HIA) of Ireland is advocating for a reduction in the 349 health insurance plans available, citing consumer confusion. With 71% of policyholders never switching providers and premiums rising an average of 7%, the HIA aims to simplify the market to enhance competition and transparency. If voluntary measures fail, legislation may be proposed. An updated comparison tool is expected to launch in 2025 to assist consumers in selecting suitable plans.
September 25, 2024
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