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Beep-beep-beep-beeeeeeeeeee……………

Read more about: Green Ink, Health

BUPA, RIP

Green Ink

5 Responses to “Beep-beep-beep-beeeeeeeeeee……………”

  1. # Comment by Simon Dec 15th, 2006 00:12

    :D Classic man . simple but classic lol

  2. # Comment by Jack M Dec 15th, 2006 15:12

    Crying shame. VHI should be carved up, and carved up now. This is simply the most outrageous thing I have come across. Completely off what we have been trying to achieve as a nation. Vivas will no doubt have to take some remedial action too, in order to minimise their risk/losses.

  3. # Comment by Green Ink Dec 15th, 2006 19:12

    Thanks Simon.
    As well as the hypocrisy of on the one hand advocating a free market while on the other bailing out a semi-state through penalising a rival, it shouldn’t be forgotten that this has put 300 jobs on the line in Fermoy. Way to go Mary. Merry Christmas to you.

  4. # Comment by Brian Boru Dec 16th, 2006 04:12

    Risk-Equalisation is a farce. To compel a company to subsidise it’s competitors is the height of nonsense and possibly a breach of the EU Treaty. If applied to the motor-insurance sector it would have compelled insurers with a less risky subscriber base e.g. the old, to pay R.E. payments to those with younger drivers which illustrates how risible it is. Comparisons have been made with Australian R.E. but it’s not comparing like with like - the regime is far less honorous there with only the costs of over-65’s being taken account of in determining payments. One ray of light - Martin O’Rourke on the radio didn’t seem to rule out staying in the market if the govt agreed to a fairer form of R.E. I think Bertie and Mary should think this through carefully particularly with 450,000 angry BUPA subscribers with votes. Separately I back the breakup of the inefficient, rip-off monolith that is VHI, but I’m already hearing the AMICUS union is pledging to resist a breakup. Will Bertie surrender to the unions as usual, or act in the best interests of the consumer - which needs a breakup to retain competition and prevent an even more oppressive monopoly being foisted on us? Personally I stayed with VHI only because I saw BUPAgate coming down the tracks.

  5. # Comment by joemomma Dec 16th, 2006 19:12

    “Risk-Equalisation is a farce. To compel a company to subsidise it’s competitors is the height of nonsense and possibly a breach of the EU Treaty. If applied to the motor-insurance sector it would have compelled insurers with a less risky subscriber base e.g. the old, to pay R.E. payments to those with younger drivers which illustrates how risible it is. “
    Actually that only shows how risible your argument is - there is no community rating in the car insurance market. Younger drivers and other high-risk categories already pay more than lower risk drivers.

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