Oireachtas Joint and Select Committees

Tuesday, 26 November 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance (No. 2) Bill 2013: Committee Stage

5:20 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

That is not the question. Maybe I am not articulating this properly. Certain adults are paying premiums of €800 and €200 for children but they are eligible for relief up to €500 under this section. What is the State’s exposure if the insurance companies were to increase premiums? I know that will not happen overnight but the Minister said that premiums have increased by 86% over five years, since 2008. If they continue to rise to the point that children’s premiums became on average €500 and all adult premiums were in excess of €1,000 what would be the State’s exposure?

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