Laya Healthcare said today that prices for its plans will rise by an average of 6.6% starting April 1, reports RTE.
It stated that its new pricing will include a rise in the government fee on health insurance, which now accounts for around one-third of premium rates.
Laya stated that the advanced levy will rise by €49 per adult and €16 per kid beginning April 1, totalling an additional €130 for a household of two adults and children, r r
Laya said that overall claim expenses had climbed by 29% over the last two years, with demand increasing notably in private and high-tech institutions.
It paid 13.4% more in private and high-tech claim expenditures last year than in 2023, owing to an increase in cardiology, orthopaedic, ophthalmology, and cancer claims, all of which are up by an average of 20%, reports RTE.
Meanwhile, prescription expenses in the commercial and high-tech sectors have risen by 31%.
Laya also stated that long waiting lists and overcrowding in the public system are forcing more patients to private and high-tech institutions, increasing expenses in an unsustainable manner, reports RTE.
DO O’Connor, Managing Director of Laya Healthcare, stated that a review of premium pricing was required to guarantee that it could satisfy members’ healthcare requirements today and in the future.
“Our priority is to deliver fast access to healthcare across urgent care, diagnostic scans, prevention screenings and high-cost drugs but the challenge we face is that healthcare is costing more to deliver today than ever before in the history of the State and the issue is being compounded with demand at an all-time high,” he said, reports RTE.
The Health Insurance Authority said: “We are aware that many consumers are facing price increases when they renew this year. These ongoing price increases can be attributed to a continued rise in healthcare costs as well as a sharp increase in demand for healthcare,” reports RTE.
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