Fergal Browne (Fine Gael)

I support the Leader of the Opposition, Senator Brian Hayes, in his call for a debate on risk equalisation. Yesterday's decision was a terrible mistake. It is worth pointing out that BUPA makes 17% profit in Ireland, in comparison to 5% profit in its UK operation. The recent statement by BUPA that it would pull out of the Irish market if risk equalisation were introduced was both childish and nonsensical. It will result in either VHI subscribers facing further increases or eating into the VHI reserves. If we are to have genuine competition in the market, risk equalisation should be introduced. It is also worth pointing out——