Emergency legislation passed to close 3 year risk equalisation derogation
Following the passing of emergency legislation late last night the Government has closed off the 3 year derogation from Risk Equalisation payments which was extended to new entrants into the health insurance market in Ireland.
Although we do not know yet how this will affect the recent BUPA Ireland/Quinn Group takeover, there is an
evident risk that this move may alter the future plans of the Quinn Group.
According to the RTÉ website, a spokesperson for the Quinn Group has said it "had noted the development and
was reviewing its options".
For the time being, current BUPA Ireland members will continue to be covered until their next renewal date.
We will endeavour to obtain more clarity on this situation and how it will affect those of you with BUPA Ireland
group schemes but in the meantime should you have any questions please contact Aongus Loughlin, Head of
Healthcare and Risk Consulting, Watson Wyatt (Ireland) Limited.
Email:aongus.loughlin@watsonwyatt.com
Direct dial: 01-6146872
Mobile : 087-2834983
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