New disturbing trend emerges in health insurance
Insurers are slashing the benefits on health plans at the same time as they push through huge premium hikes. A leading health cover expert said all four health insurers are now engaged in this “shrinkflation”.
In the past few months VHI Healthcare, Laya Health, Irish Life Health and Level Health have all reduced the benefits on a number of their plans. But consumers were unaware of this.
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