vhi increasing fees by 9% again

Nothingbetter2d

holy crap, didnt they increase it twice last year?

its starting to look like health insurance companies dont want custormers anymore.

http://www.independent.ie/national-news/vhi-hikes-prices-again-as-6000-ditch-health-cover-every-month-3009197.html

jester77

They are increasing everywhere, it's not just an Irish problem. Mine went up €30 last month.

SEPT 23 1989

I will take my chances in the public health system

Temptamperu

SEPT 23 1989 wrote: »

I will take my chances in the public health system

We shall mourn your death :pac:

Nothingbetter2d

Temptamperu wrote: »

We shall mourn your death :pac:

i bet he will end up a Trolley Dolly

Jaysoose

SEPT 23 1989 wrote: »

I will take my chances in the public health system

Get in and take a number..you may be there a while.

TheZohanS

By all these increases they're forcing people onto lesser plans so in essence it's yet another tax on people with good budgeting skills/better paid in order to help fund the public health service.

Nothingbetter2d

TheZohan wrote: »

By all these increases they're forcing people onto lesser plans so in essence it's yet another tax on people with good budgeting skills/better paid in order to help fund the public health service.

its actually a move by insurance companies to force hospitals to lower costs.

gcgirl

TheZohan wrote: »

By all these increases they're forcing people onto lesser plans so in essence it's yet another tax on people with good budgeting skills/better paid in order to help fund the public health service.

Nope it's a way of propping up the older vhi customers

Agricola

Unreal. This will be the straw that broke the camels back for me. Or maybe anvil is more appropriate.

munchkin_utd

this could also be a problem with the age distribution.

Mortgageless older people, on decent private or civil servant pensions on top of the state pension & with free electricity, phone, public transport & no commuting or childcare or dependents costs - they can afford to stay on the VHI even at higher premiums. And remember they are the ones that need most health care.

Younger healthy people who dont require as much healthcare are getting killed financially with servicing their child/ commuting/ housing care so its they who are leaving in droves-

With proportionately more and more older people on the books than younger its obviously going to cost more in premiums.

Anyhow VHI is still buttons compared to what you pay abroad.
I just looked at my end of year wage slip and my German medical insurance payments for last year totalled €3350 topped up by the same again by my employer making a total of €6700 for my medical insurance!
(and that doesnt cover the mrs if shes working and she'd pay a similar sum herself)

readyletsgo

Thank christ I cancelled my vhi, phew, its a joke!

Iwannahurl

Nothingbetter2d wrote: »

i bet he will end up a Trolley Dolly

I have never had health insurance. Was never on a trolley either.

But should it really be called Trolley Insurance?

€2000+ annually over several years for a family, just to insure against lying on a trolley?

Some country this.

TheZohanS

Nothingbetter2d wrote: »

its actually a move by insurance companies to force hospitals to lower costs.

Can you explain the logic behind it so? I haven't had my coffee yet and I can't see their logic, you can be damned sure if hospitals lowered their costs we wouldn't see a reduction in premiums.

gcgirl wrote: »

Nope it's a way of propping up the older vhi customers

Less than 12% of the population are over 65, they can't pull that one. Also the median age in Ireland has dropped from 35.1 to 34.8 over the last 10 years so statistically there are more young people to balance the ageing population, premiums should be coming down.

They're pricing themselves out of the market for short term gains.

Nothingbetter2d

TheZohan wrote: »

Can you explain the logic behind it so? I haven't had my coffee yet and I can't see their logic, you can be damned sure if hospitals lowered their costs we wouldn't see a reduction in premiums.



Less than 12% of the population are over 65, they can't pull that one. Also the median age in Ireland has dropped from 35.1 to 34.8 over the last 10 years so statistically there are more young people to balance the ageing population, premiums should be coming down.

They're pricing themselves out of the market for short term gains.

the hospital consultants often charge huge consultancy fees.... insurance companies inevitably get billed for these excessive charges... they want to see these charges lowered. Medical card patients dont have to worry about these fees cos the tax payer pays for it. but if more n more people are using the public system the hse have to lower these charges.

opinion guy

VHI profits 2011 - €77million
http://www.irishhealth.com/article.html?id=7786

I can't find that info for Aviva or Quinn.

ninebeanrows

The Public Service isn't bad.

There's a great service if you are actually very ill, as in an emergency.

However i suppose for cancer waiting lists etc, you want to be with private cover.

TheZohanS

Nothingbetter2d wrote: »

the hospital consultants often charge huge consultancy fees.... insurance companies inevitably get billed for these excessive charges... they want to see these charges lowered. Medical card patients dont have to worry about these fees cos the tax payer pays for it. but if more n more people are using the public system the hse have to lower these charges.

That's counter intuitive. The only people left on private health insurance will be those that really need it, the sick. So costs will be spread amongst fewer subscribers, people that are actually availing of these expensive consultants so profits will drop and public health services will be put under immense pressure.

munchkin_utd

TheZohan wrote: »

That's counter intuitive. The only people left on private health insurance will be those that really need it, the sick. So costs will be spread amongst fewer subscribers, people that are actually availing of these expensive consultants so profits will drop and public health services will be put under immense pressure.

and dont forget, those who can afford it, the old and retired

Mortgageless and mollycoddled by the government with extra tax free allowances, free esb/ phone/ travel and every other benefit that the working person with massive commuting, housing and childcare costs could only dream of.

NinjaK

opinion guy wrote: »

VHI profits 2011 - €77million
http://www.irishhealth.com/article.html?id=7786

I can't find that info for Aviva or Quinn.

No wonder they are upper their prices:rolleyes:
Greed in this society is disgusting. Unfortunately the people are happy for it to continue, so it will. Enjoy your sick society people, one day it will bite you in the ass.

Nothingbetter2d

TheZohan wrote: »

That's counter intuitive. The only people left on private health insurance will be those that really need it, the sick. So costs will be spread amongst fewer subscribers, people that are actually availing of these expensive consultants so profits will drop and public health services will be put under immense pressure.

yes but if the gov have to fork out even more tax payer's money to these consultants they will soon be giving their salaries a cut.

dont get me wrong greed is also a major factor in this.