Laya Healthcare

[1] In December 2006, BUPA Ireland announced that it would be leaving the Irish market as the High Court had left the Risk Equalisation scheme unchallenged.

BUPA Ireland argued it could not afford to make a cash transfer to Vhi Healthcare as required under the Risk Equalisation Scheme.

[2][3] As a new insurer, QUINN-healthcare was exempt from the Risk Equalisation payments for three years which was the normal concession granted to any new market entrant.

In 1994 the Supreme Court ruled that the Governments Risk Equalisation specifications were incompatible with the Health Insurance Act 1994 and must be set aside.

[4] In late 2009, the future of the entity came into question, as its holder, the QUINN group, fell into administration, and was looking to sell off its insurance assets in the UK and Ireland.