While there has been much focus on healthcare and the costs associated recently, an American company has announced that it is going to enter the Irish market to provide optical and vision benefits to consumers here.
Jim McGrann, President of VSP Vision Care, said the company had 46,000 corporate clients in the US, many of them multinationals, that wanted to expand their vision care benefits to cover members in other countries around the world. He said he expected there would be interest in the product here, despite much of the controversy surrounding healthcare and its rising costs in ireland.
"It's a very affordable benefit compared to health insurance. People are two to three times more likely to use their vision coverage than to visit a GP. Eye doctors will uncover a range of diseases long before a GP will uncover them. The cost is outweighed by the savings made by uncovering those diseases early," Mr McGrann stated.
Mr McGrann said he expected that there would always be a percentage of the population that would opt not to have laser surgery to correct their vision and would continue to require vision benefits. VSP also recently secured a contract to provide prescription Google glasses. "We'll provide prescription frames. That's required because 40% of people in the world require vision correction. In order to utilise glass, you need prescription so you can see the device properly. We're excited to be part of it," Jim McGrann said.
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