Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I thank the Minister for his reply and I welcome that the VHI's application for Central Bank authorisation is to be lodged at the end of this week, as well as the indication that no additional Exchequer support will be required. The question also concerned the broader future of the VHI and obviously, with universal health insurance looming on the horizon, what impact does the Minister currently envisage the introduction of universal health insurance will have on the VHI as the dominant provider of health insurance in the market? He should comment on this in respect of possible additional regulatory capital and the type of premia its customers will be obliged to pay for a certain baskets of services within the policies the VHI provides.

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