VHI has announced its third premium increase within a year, reflecting significant hikes in healthcare costs. Following VHI's average price increase of 3% from March, other insurers like Laya Healthcare and Irish Life Health are expected to follow suit. Experts predict that aggregate hikes could cost families around €500 annually, closely resembling last year’s increases. This situation is compounded by escalating claims in private hospitals and the rising costs of medical services. The levy on health policies also looks set to increase by €49 per adult in April, further impacting policy costs.
"Consumers need to be prepared for more price increases as we work through 2025," health insurance expert Dermot Goode said.
The levies support the community rating system that allows everyone to buy the same health insurance policy at the same price.
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