April 19, 2021
News

Waterford TD fears for future of nursing homes as another insurer quits market

A Waterford TD running for re-election is concerned for the future of the nursing home industry in Ireland and fears it could be the next sector decimated by spiralling insurance costs.

Deputy Mary Butler, who is Fianna Fáil spokesperson on older people, has expressed concerns some nursing homes may have to close following the news that Liberty Insurance is ceasing its commercial liability and commercial property business in Ireland.

“This is very worrying news for families with loved ones in nursing homes,” Deputy Butler said.

“It could lead to serious capacity problems down the line.  With another insurer exiting the market, nursing homes are facing the prospect of increased premiums, which most likely will be passed on to customers.

“Nursing homes have already suffered substantial increases in their insurance costs and are warning that they may have to push up their prices to remain viable.

“In the longer term, this also poses a threat to nursing home places.  If some nursing homes are forced to close it will place a greater burden on an already stretched system.

“Fine Gael has buried its head in the sand on the insurance issue.  Fianna Fáil is the only party putting forward real solutions and has backed them up through legislation,” Deputy Butler (pictured below) added.

 

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