More health insurance price hikes 'cannot be ruled out'

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Further increases in health insurance premiums cannot be ruled out later this year, according to one health insurance expert.

Laya Healthcare followed rivals Irish Life Health and VHI in announcing a hike in the cost of some of its premiums late last week.

However, Dermot Goode of totalhealthcover.ie - part of the Lockton Insurance Group - warned that the premium increases that were announced are averages and, while some plans will not increase in price, others will increase by more than the average. We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences"I would love to say that there won't be increases until 2024, but they cannot be ruled out," Mr Goode told Morning Ireland.

 

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