James Reilly (Dublin North, Fine Gael) | Oireachtas source

The suggestion of forcing through regulation that a certain number of people of a particular age group must be insured would raise all sorts of problems with competition law. In any event, the carrot is always better than the stick. The VHI is positive about the risk equalisation scheme while the other insurers are negative. If they were so concerned about the tariffs applied in the scheme, then they would take on more older people. I believe they will in the future.

There is much planning ongoing on how to beef up the HIA to allow it regulate the market to reduce the number of policies available because they are just causing confusion.

People renewing their insurance should visit the website www.hia.ie which has good comparative information available on what are the best plans suited to them.

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