Reilly under pressure in Dáil vote on health insurance stamp duty

Reilly under pressure in Dáil vote on health insurance stamp duty

TDs will today begin passing laws to hike the cost of health insurance for most people.

Legislation to hike the stamp duty paid by private insurers will be debated in the Dáil this afternoon.

However, the Minister for Health James Reilly is likely to come under pressure for the second vote to increase health insurance costs in less than six weeks.

The Minister will ask the Dáil to approve the increases in stamp duty he announced last week.

The charges are intended to apply to insurers themselves, but three private insurance companies say they cannot afford to absorb the charge and will have to pass it on.

That will mean an increase of €49 a year for most adult policies, and €15 a year for children.

TDs from all sides are likely to vent their anger at the change, which comes only a month after Government TDs voted to cut the income tax credits for people with private health insurance.

Minister Reilly will be pressed on whether he was already planning the increase on stamp duty before the Budget and whether TDs should have been told about the plans before they voted for the tax changes.


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