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28/02/2012
Rate Of Health Insurance Drop-out Increases
The rate of people exiting the health insurance market has doubled in 2011 compared to the previous year, according to the Health Insurance Authority.
A total of 65,000 people opted out of their policy.
Many switched policies, naming price as the deciding factor.
Liam Sloyan, chief executive of the Health Insurance Authority (HIA), told The Irish Times: "There was a lot of inertia, but when the economic conditions changed, all our priorities changed. People can save hundreds of euro and still have a similar level of benefits. Maybe there is an excess, but that excess might be €100 per hospital visit and they might be saving hundreds of euro each year."
(GK)
A total of 65,000 people opted out of their policy.
Many switched policies, naming price as the deciding factor.
Liam Sloyan, chief executive of the Health Insurance Authority (HIA), told The Irish Times: "There was a lot of inertia, but when the economic conditions changed, all our priorities changed. People can save hundreds of euro and still have a similar level of benefits. Maybe there is an excess, but that excess might be €100 per hospital visit and they might be saving hundreds of euro each year."
(GK)
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