The Health Insurance (Amendment) Bill 2014 was published on 6 November 2014 as part of a package of measures announced by the Minister for Health on 5 November 2014. The measures are designed to alleviate the cost of health insurance premiums and to support growth in the number of policyholders in the sector. The Bill sets out risk equalisation credits and hospital bed utilisations credit to apply from 1 March 2015. According to the Department of Health, the revised credits should operate to reduce average net claims to 130% of market average, compared to 133% during 2014. Other key provisions in the bill include reduction in stamp duty rates for products that do not provide advanced cover (no change to the rates for advanced products). Separately, the Department of Health has also announced an incoming reduction in the HIA levy to 0.01% of premium income. In a press release issued on 5 November 2014, the Department of Health also indicated that the Minister intends to amend the Health Insurance Act 2001 (Open Enrolment) Regulations 2005 to (a) standardise waiting periods for all individuals purchasing the same policy and (b) define 'pre-existing illness'.