So BUPA Ireland have lost their High-Court challenge to risk equalisation for the VHI.
For those of you living under or a rock or outside Ireland, BUPA is the national British private health insurance company, and VHI is the national Irish private health insurance company, which just happens to be owned by the government of the Republic of Ireland and ah... makes up for the deficiencies of the Irish national public health system, which is also, what do you know, owned by the government of the Republic of Ireland. The bureacracy of the Irish Department of Health apparenlty employs nearly as many people as all the rest of the government departments put together, which probably explains why the Health budget is reassuringly huge but with so many mouths to feed, not an awful lot of money gets spent on things like hospitals. I personally would nt go near any of them public or private unless I was in dire straits.
Any how-- the point is -- the government of the Republic of Ireland professes to be big into Market Forces economics, but always arranged that the VHI would have a monopoly -- the arrival of BUPA under European Union open market type auspices seemed to be good news, but it seems that due to the loyalty of older insurance customers, BUPA started to build up a much younger and it is being assumed healthier client base and therefore were making 'unfair' profits. Now I hate insurance companies in general, so hearing any of them talking about their social role and fairness makes my blood boil ... If BUPA had accidentally scooped up all the old fogies then I'm sure VHI and the minister for Unhealthy over-weightness would both be arguing for market forces to rule and an end to pernicioius talk about the social aspects of health insurance provision. And yes, I am a slighly younger BUPA customer...