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02/02/2012
VHI Healthcare To Increase Premiums By Average Of 9%
Ireland's largest health insurance firm have announced an increase of up to 12.5% in the cost of their premiums from the start of next month.
VHI Healthcare announced it will increase its prices by an average of 9% next month with increases ranging from 6% –12.5%.
The company said the price increase was necessary to fund the healthcare needs of its customers.
Declan Moran, Chief Executive, Vhi Healthcare said “The sole purpose of the price increase is to cover our customers’ healthcare costs in the coming year."
A statement from the insurer said two key factors contributed to the increase - The increased demand for healthcare, with average claims cost per customer increasing by 15% and the contraction of the market.
Mr Moran added: "We are acutely aware of the enormous financial pressures facing our customers and have endeavoured to keep the price increases on our plans as low as possible.
"In particular we have sought to keep our family plans affordable for as many families as we could. Today?s price increase is the lowest possible amount we could introduce to ensure we can meet the cost of our customers."
(DW)
VHI Healthcare announced it will increase its prices by an average of 9% next month with increases ranging from 6% –12.5%.
The company said the price increase was necessary to fund the healthcare needs of its customers.
Declan Moran, Chief Executive, Vhi Healthcare said “The sole purpose of the price increase is to cover our customers’ healthcare costs in the coming year."
A statement from the insurer said two key factors contributed to the increase - The increased demand for healthcare, with average claims cost per customer increasing by 15% and the contraction of the market.
Mr Moran added: "We are acutely aware of the enormous financial pressures facing our customers and have endeavoured to keep the price increases on our plans as low as possible.
"In particular we have sought to keep our family plans affordable for as many families as we could. Today?s price increase is the lowest possible amount we could introduce to ensure we can meet the cost of our customers."
(DW)
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