Private healthcare has come under the spotlight of late with the sale of the Beacon Hospital in Dublin and the planned move by Aviva back into the health insurance market.
The Sláintecare model received cross-party support when it was first unveiled around seven years ago and there has been some success in attracting thousands of staff to work in the public health system. Consultants have been signing up to the new public contract in greater numbers.It's going to be a costly project overall and the shift to the new model is beset with challenges - not least of all population dynamics.
Mr O'Brien said he believed private healthcare was poised to become a 'boom sector' in Ireland with the potential to develop into something resembling the aviation leasing industry. The Beacon - despite its headline-grabbing sale price - reported a significant fall in profits last year on higher turnover which it blamed on cost inflation in the sector.
Subject to regulatory approval, the new operator is expected to be up and running by the second half of the year. Dermot Wells of investment and insurance advisers, Cornmarket, speculated that the new provider would market its products primarily at particular cohorts, starting with corporates. However, after years of enticing newer, younger members to sign up to private health insurance with a 'loading model' , the proportion of the population with health insurance has tapered off in recent times.
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