The scheme includes private medical insurance, which is acted upon according to special regulation in Ireland, and introduces tax relief for individuals.
The European Commission has approved an Irish scheme of levies and tax relief in the health insurance sector, reported guardian.
The EU’ executive approved the scheme (which aims to minimise the risk differentials for health insurers between old and young) after amendments by the Irish authorities, to make sure the insurers would not be overcompensated. It includes private medical insurance which is acted upon according to special regulation in Ireland, and introduces tax relief for individuals.
Neelie Kroes, EU Competition Commissioner, said: The Commission continues to recognise the wide margin of discretion member states enjoy in the organisation of health services. The Commission is in favour of the aid in the form of justified and proportional compensation linked to the performance of public services.”