Minister Harney Welcomes Entry of Hibernian to the Health Insurance Market
The Minister for Health and Children, Mary Harney TD today (Monday 9th June) welcomed the entry of Hibernian into the health insurance market. Their entry follows the purchase of 70% of VIVAS which was approved by the Financial Regulator last month.
The Minister sees the move re-enforcing the development of competition in the community rated health insurance market. She noted that VIVAS had grown significantly in the period since its establishment and that its members are fully protected under the take-over with their existing cover continuing. Hibernian are committed to growing the business significantly.
The Minister is committed to facilitating the development of competition in the market supported by community rating and risk equalisation.