How Is The Position Of Private Health Insurance In Ireland?
In Ireland, the only place where the people are highly interested in private health insurance is Cork
. There are very considerable points regarding the private health insurances mostly in the southern region of the country. Also Cork is the only place which has a chosen hub for cancer treatments but doesnt have a private service for the treatment of the radiotherapy. This hub is nearly 22% responsible accounting for the diagnosis of the cancer treatments.The reviews of the private health insurance in Cork have revealed that the people are not getting the worth according to what they pay for it. Also in a review by Irish Independent, it was made out that around ten thousands of people who have been mis-sold investment policies have lost their chances to claim back money completely, though following a Supreme Court ruling. Many have complained that they have lost the chance to claim even the 50% compensation for their policies. Due to this mis-selling of policies, not only tens of thousands, else nearly hundreds of thousands of people may have been affected.
While if we talk for earlier investments, then Ireland and Portugal were the famous countries for keeping up the bond markets high. Italy being the third country in raising economy, due to the bond markets has still not been successful in maintaining the private health insurances profits. The Irish Times report have recently estimated that nearly 4, 62,000 people lived in the region with private health insurances, but now only 2, 90,000 people are living with private health insurances. The report clearly reveals that the people living in the region are not making any benefits from major programme of investment in private health care that has occurred over the last decade.
Whatever the conditions be, after all these circumstances are to be faced by the people themselves, which makes a bad impact on the people, considering buying the health insurances in Ireland. These things matter for the whole lot of companies which lie in Ireland for providing health insurances. But this is not the after all work which the insurance companies and the people there are trying to make out, and due to the continuous bad results of the health care insurances, it is also making impacts on the economy of the country now.
Concluding, we can say that the health insurance companies in Ireland or wherever they might be must not try to cheat people either it may be intentionally or may be non-intentional. Because once the name and fame of the business is lost, then its very impractical to regain it back and come up in the market.
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