The article discusses the recent premium hikes in the health insurance sector, particularly focusing on Laya Healthcare's announcement of a price increase effective April 2025. The increase will add €49 per adult and €16 per child, with some customers potentially seeing rises of up to €340. Experts attribute these increases to higher healthcare costs and demand post-pandemic, with claim costs rising by 29% over two years. Laya's leadership stresses the need for price adjustments to maintain service delivery amidst unprecedented healthcare costs.
Taking Laya's October increase and the coming rise in April together means many households' insurance costs will be up by around €500, Dermot Goode said.
Laya Healthcare Managing Director, D.O. O'Connor, said a review of premium pricing was necessary to ensure that it can meet the healthcare needs of members.
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