Taoiseach to Examine Private Health Insurance Profits and Electricity Grid Costs

Taoiseach Micheál Martin announced the government will examine profit levels in the private health insurance market due to increased provider profits and higher consumer premiums. This follows Irish Life Health's 84% profit increase to €31.1 million and state-owned VHI doubling profits to €71.2 million for 2025.

Martin also indicated plans to shift the cost of electricity grid investment away from consumer bills, noting the link between gas prices and electricity costs as a fundamental issue. He stated that while this would be a hefty charge, the government is examining the possibility of paying it directly.

Regarding former Taoiseach Bertie Ahern's immigration remarks, Martin reiterated his view that Ahern is not racist but acknowledged the comments disappointed Fianna Fáil members from diverse backgrounds. He also sought to temper discussions about his own leadership of Fianna Fáil, emphasizing his focus on his mandate and warning against political instability from frequent leadership changes, citing the UK as an example.

Finally, Martin provided an update on reviews into links between Irish-made alumina from the Aughinish Alumina plant in Co Limerick and Russian weapons manufacturers. He stated there are no new developments and no EU restrictions on Aughinish Alumina, which produces 37% of the EU's smelter-grade alumina. He cautioned that sanctions should not harm Europe or Ireland more than Russia, and severe restrictions would be devastating for the plant and local jobs.