Health insurance issue should be sorted out before the general election

I REMARKED to my family months ago that if I was a BUPA director I would advise my shareholders the company should pull out of Ireland because I would be negligent if I allowed it knowingly to incur a liability three times greater than likely profits.

So it seems to me that any politicians who say they are surprised at BUPA’s decision to do just that are either commercially naive or they are not telling the truth.

Earlier this year, VHI said they would incur losses of €30million before risk equalisation and that, without it, they would be out of business.