Health Insurance Authority
Michael McNaughton is an accomplished finance professional with extensive experience in operations and financial management across diverse sectors. Currently serving as Head of Operations at the Health Insurance Authority since September 2023, Michael previously held the position of Head of Finance at Coillte from May 2020 to May 2023, overseeing financial functions related to significant transactions and asset development. Michael's earlier roles include serving as Management Accountant and Analyst at Coillte, where responsibilities involved managing major construction project accounts, and Accountant at Digiweb, focusing on restructuring and auditing. Previous experience also includes critical financial analysis at Monitor and advisory roles at Grant Thornton Ireland. Michael holds an Executive MBA from University College Dublin and is ACCA qualified, with a strong academic background in accounting and history.
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Health Insurance Authority
The Health Insurance Authority is the State body that regulates the private health insurance market in Ireland. The Authority was established in 2001 under the Health Insurance Acts. The Authority is independent in the exercise of its functions. The principal functions of the Authority as provided for in the Health Insurance Acts include the following: To monitor the health insurance market and to advise the Minister for Health (either at his or her request or on its own initiative) on matters relating to health insurance; To monitor the operation of the Health Insurance Acts (“the Acts”) and, where appropriate, to issue enforcement notices to enforce compliance with the Acts or take prosecutions; To carry out certain functions in relation to health insurance stamp duty and risk equalisation credits and in relation to the risk equalisation scheme; To take such action as it considers appropriate to increase the awareness of members of the public of their rights as consumers of health insurance and of health insurance services available to them; and To maintain “The Register of Health Benefits Undertakings” and “The Register of Health Insurance Contracts”. The Authority shall exercise such powers as are necessary for the performance of its functions. The Minister for Health may assign further responsibilities to the Authority as provided for in the Acts. The Authority is audited by the Comptroller and Auditor General and subject to the requirements thereof. The Authority is also subject to the corporate governance procedures of the “Code of Practice for the Governance of State Bodies” issued by the Department of Finance. The Authority is a public body to which the provisions of the Freedom of Information Acts and the Data Protection Acts apply.