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250k ditched health insurance since 08

Tuesday, December 10 16:25:12

Since the start of the downturn in 2008, over a quarter of a million irish people have ditched their health insurance while 62,000 failed to renew their policies last year, according to the Health Insurance Authority today.

The industry regulator said that there were 2.047 million people insured with plans that covered in-patient treatment at the end of September.

Between June and September of this year the numbers with in-patient health insurance plans fell by 11,000.

Overall since the peak of the market at the end of 2008 the number of people covered by in-patient health insurance plans has fallen by 250,000.

Since September the cost of private health insurance has continued to rise, largely as a result of Government decisions.

Insurers have warned that subscribers will face even higher increases in premiums from January on foot of a Government announcement on private patient charges earlier this month which they maintain could add close to E100 to their costs.