Oireachtas Joint and Select Committees
Thursday, 5 July 2018
Public Accounts Committee
2017 Financial Statements of the HSE
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Department of Health
9:00 am
Mr. Seamus McCarthy:
As I mentioned when representatives of the agency last attended, there had been a change in the assumptions made. Arising from a court case, there was a determination that the discount rate needed to change. That had a very significant effect, in the order of €300 million, on projected liabilities into the future. It will be reflected in higher settlements with individuals without there being any change in the volume or severity of cases.