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The Supreme Court has concluded that the Government’s new risk equalisation scheme for the purpose of health insurance, has been set up on an incorrect interpretation of the law and should be dismissed. The court Supported BUPA’s appeal against a high court decision, rejecting its challenge to the scheme.
A spokesperson had this to say “We have always had fundamental concerns with how the process is assessed. We now need to look at the judgement in detail to see what the full implications are for the health industry.” Jimmy Tolan: Chief Executive of the VHI, gave his opinion believing that the decision might have serious negative effects for the older and the chronically ill members of this society.
He also further emphasised saying “It is our goal to try and ensure that private health insurance can continue to be purchased on acceptable terms by our more medically vulnerable customers.”
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