Jan O'Sullivan (Limerick East, Labour)

None of us, including the Minister, regards the Bill as perfect. It is a stop-gap measure. Will it be possible to introduce the proper legislation sooner than the three years suggested? Perhaps we will have moved to a universal system into which everyone must pay within three years, although no one knows what lies ahead. No one likes the idea of transferring moneys from one company to another, in this case through a complicated system of levies and so forth. Having a central fund into which everyone pays a certain amount, depending on age mix and so forth, and from which companies with a larger proportion of older policyholders are paid, appears to be a preferable system.

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