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Health Insurance: Not affordable now


greengoose2

Well-known member
Joined
May 30, 2009
Messages
25,444
Is the Indo scaremongering or is Reilly making another mess?

Health insurance fees to soar 50pc next year

THere's quite a bit of supposition in that article but 50% seems totally off the wall.

Stuff like this quote is simply astounding. How can there be this huge difference?

"Given that the public hospitals will now be able to charge around €1,000 per night instead of €75 per night for these beds, the impact will be significant," said Mr Goode, of www.health insurancesavings.ie.

"There is no doubt that this will be passed on."
 

crashplan

Member
Joined
Sep 30, 2010
Messages
58
So everyone drops their health insurance and the public health system folds under the pressure??
 

nakatomi

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Joined
Apr 10, 2010
Messages
3,729
Health insurance fees to soar 50pc next year

THere's quite a bit of supposition in that article but 50% seems totally off the wall.

Stuff like this quote is simply astounding. How can there be this huge difference?
seeing as they have been raising it at 20- 25% p.a. for the last 4 years I would not be suprised.
What will be really interesting, is when it becomes compulsory to have insurance.


As for the difference between private and public bed charges- this is academic as both beds probably cost taxpayers 1500 per day.

75 euro is what the hospital charged for a " public" bedin a 6 bedded ward, as opposed to 1500 in a private 5 bedded ward
 

nakatomi

Well-known member
Joined
Apr 10, 2010
Messages
3,729
How will the social welfare beneficiaries pay this insurance? Like they will be paying the household tax I suppose!
There will be safety nets for those who are below a current income threshold - much like the current medical card system
 

Goa Tse

Well-known member
Joined
Dec 27, 2010
Messages
2,280
Is the Indo scaremongering or is Reilly making another mess?

In the words of Grandpa Simpson: "A little from column A, a little from column B"
 

jpc

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Joined
Jun 14, 2007
Messages
4,339
There seems to be intellectual as well as financial shortfalls in that department.
 

deepness

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Joined
Feb 4, 2008
Messages
2,529
Certainly can't afford 50% rise in this cost. Its expensive enough as it is...
 

mido

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Joined
Aug 28, 2007
Messages
3,374
it will only be 5% if you live in swords or balbriggan....
 

tokkie

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Joined
Jan 15, 2011
Messages
18,895
I think he has slightly more credibility than you all the same !
No he doesn't!! He's a chancer. :) If you think credibility is based on having a job in the Indo then you're quite deluded.
 

asknoquestions

Well-known member
Joined
Oct 25, 2006
Messages
2,977
They're trying to make the system the same as the German system. But the Germans have had health insurance since Bismarck's time and the system has been evolving since then, I don't think it can be grafted onto the system in Ireland in just a few years.
 

ger12

Well-known member
Joined
Feb 25, 2011
Messages
48,255

ger12

Well-known member
Joined
Feb 25, 2011
Messages
48,255
Health insurance fees to soar 50pc next year

THere's quite a bit of supposition in that article but 50% seems totally off the wall.

Stuff like this quote is simply astounding. How can there be this huge difference?
Health insurance will rise considerably as public hospitals charge for the services provided to private patients. They should be charging their private patients shouldn't they?
 

greengoose2

Well-known member
Joined
May 30, 2009
Messages
25,444
Health insurance will rise considerably as public hospitals charge for the services provided to private patients. They should be charging their private patients shouldn't they?
Yes! However, if those premiums go up 50% there will be many borderline cases when the people will simply not have enough monet to pay. Do they then stop paying, take a chance and go public?
 

Aristodemus

Well-known member
Joined
Oct 8, 2009
Messages
3,741
Is the Indo scaremongering or is Reilly making another mess?

In the words of Grandpa Simpson: "A little from column A, a little from column B"
Correct. They are not mutually exclusive propositions
 

tokkie

Well-known member
Joined
Jan 15, 2011
Messages
18,895
Yes! However, if those premiums go up 50% there will be many borderline cases when the people will simply not have enough monet to pay. Do they then stop paying, take a chance and go public?
Yes. I opted out of private health insurance about three years ago. We kept it for the children, just in case, but for myself and my wife, we will go public if we have to. We could not afford it any more for all the family.
 

damus

Well-known member
Joined
Jun 28, 2011
Messages
23,671
Why on earth should you pay for a private bed when all you are getting is a public bed? If I am paying for a private bed, I expect a charge to be levied only if am occupying a private bed in a private room in a public hospital. To do otherwise is a breach in the T&C's of my contract! So now we can expect a 50% increase in PHI premia by charging private patients irrespective of whether they are occupying a private bed or not, on top of another 20% when he eventually introduces risk equalisation!

An article by Susan Mitchell in todays SBP sheds some light on the new PHI levy that is going to be introduced as part of risk equalisation. Under the proposed scheme, the DoHC will replace the current temporary levy with two levy rates, a lower rate for services that are accessed in public hospitals, and a higher rate for patients who opt to access services in private hospitals. Under the scheme, policyholders who choose PHI policies with the lower levy will not be allowed to have two thirds of their care paid for by insurers in private hospitals, meaning that they'll have to pay the difference! The likely result of this kind of measure is increased pressure on the public scheme as more patients opt for public only care, which will only go towards reinforcing the existing inequities in the system around public/private access. According to sources in the industry, there is also likely to be legal challenge to this type of scheme when it is introduced on the grounds of competition law.
Seemingly, he's also planning to introduce a 90 day notice period for changes to existing and new products (other than premia changes), which will mean that while insurers will be required to submit any new procedures or new drugs that are being covered by their policies for approval by the Dept, those changes will only take effect from Jan 1 each year. So effectively, if you have PHI you won't be able to get access to new procedures or drugs until Jan 1 of the following year.

You know what - people should just decide to use private hospitals only for elective - and public if it's an emergency! Private patients should just vote with their pocket because you'd only be liable for an in-patient charge of €85 per day or €850 max per year if you go public! Just take their income - that's my motto!

Families are facing €200 increase in annual cost of health insurance - Surviving the Recession, Personal Finance - Independent.ie

Health insurance fees to soar 50pc next year - National News - Independent.ie
 
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