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Dublin Live
Dublin Live
Health
Laura Lyne

VHI announce end of price cuts with 6% health insurance hike

VHI customers are set to be hit by a price hike for the first time in several years.

The largest health insurance company in Ireland announced the 6% increase today.

Changes will come into place at the start of August.

VHI have said the changes have come due to rising costs in hospitals, demand for more medical treatments and increases in consultant fees.

As a result of the increases, some premiums will rise by more than €300 a year.

The announcement follows price increases by Laya healthcare and Irish Life.

VHI spokesman Declan Moran said: "Today’s price increase reflects rising costs in hospitals, increases in consultants’ fees, increased utilisation of medical services by our customers and the broadening range of innovative treatments and drugs available in healthcare today.

"VHI has kept costs down over the last number of years through prudent cost management and has passed the benefits of reduced claims costs, particularly in public hospitals, back directly to our customers in price reductions and increased benefits.”

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