On 12 November 2013, the Minister for Health announced proposed changes to the risk equalisation credits regime established under the Health Insurance (Amendment) Act 2012.Under that Act, the risk equalisation credits are funded by a stamp duty levied upon health insurers operating in the Irish market. According to a press release published on the Department of Health and Children's website, there will be no change to the relevant stamp duty applicable to lower cost 'non-advanced' health insurance products. However, the stamp duty applicable to 'advanced' cover health insurance is set to increase (from €350 to €399, and from €120 to €135, per adult and child, respectively).