Insurance costs will not fall with sale of VHI

THE sale of the VHI is not likely to drive the price of health insurance down in the forseeable future, it has been warned.

Dermot Goode, head of insurance consulting firm HealthInsuranceSavings.ie, said while the Government’s announcement was “good news” it would not lower prices in the short term.

Mr Goode advised people to continue shopping around and that for the moment it was business as usual.