Paul Murphy (Dublin South West, Anti-Austerity Alliance) | Oireachtas source

In response to the point about the profits being a necessary cost, there is an alternative here. That is why I think we should broaden the scope. There is a different model of insurance, which is a not-for-profit model in which we do not have to have this extra cost. That €2.86 billion was paid by people in premiums as a cost. If Mr. Dunne thinks, ideologically, that it is necessary then it is a necessary cost, but it does not have to be.