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Vhi Healthcare welcomes Government initiative to protect Community Rating and Older Customers
19th November 2008 –Vhi Healthcare welcomes the announcement by the Minister for Health & Children, Mary Harney T.D which when fully implemented with effect from the 1st January 2009 will ensure that the current system of community rating continues and that older people can continue to access private health insurance. The interim solution announced treats all insurers on an equal footing.
In particular Vhi Healthcare is pleased that the Government initiative significantly increases the level of tax relief at source for older members of society thus ensuring that they can continue to access health insurance on the same terms as younger members of society. The changes to the tax relief at source announced today recognise the fact that there is a direct connection between a person's age and the cost of meeting medical needs for that person.
Commenting on the Government response Mr Jimmy Tolan, Chief Executive, Vhi Healthcare said “We welcome this initiative and when implemented will ensure that the current system of community rating remains intact; it will help bring stability to the health insurance market while also helping to ensure that health insurance remains accessible to as many people as possible. It should also over time increase competition and product innovation for all customers across all ages.”
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