Health Insurance (Amendment) Bill 2017

Public bill · Government · Presented

Raises the risk equalisation credits used in health insurance from 1 April 2018 and adjusts the stamp duty charges insurers pay to fund them, so older and less healthy customers can be supported without changing the overall cost to the Exchequer. It also updates the hospital utilisation credit amounts and makes a few changes to the rules for lifetime community rating, including limiting some premium loadings to ten years. In plain terms, it helps keep private health insurance pricing fairer across age and health groups.

Formal long title

Bill entitled an Act to amend the Health Insurance Act 1994 to specify the amount of premium to be paid from the Risk Equalisation Fund in respect of certain classes of insured persons from 1 April 2018; to amend that Act to specify the amount of the hospital utilisation credit applicable from 1 April 2018; to make certain other amendments to that Act; to make a consequential amendment to the Stamp Duties Consolidation Act 1999; and to provide for related matters.

Last updated 12 April 2018