Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am aware that the Minister of State is relatively new to the position. I encourage him to read the FCA's interim and final reports. I also encourage him to read the cost-benefit analysis that suggests up to €12 billion benefit from the industry to consumers, and also suggests how banning dual pricing would increase competition. It is interesting when one tracks what the FCA is doing. It is relevant because the same companies operate in both markets. The FCA did not originally have the view of banning it outright but has come to that conclusion very concretely in its final report.

It will increase competition, in its view, decrease premiums by 10% to 15% and end a practice that affects elderly people, people with restricted access and people with disabilities.