Private health insurers VHI, Laya Healthcare and Irish Life have all confirmed they will reduce customers' premiums for the next three months.

The decision was made as a result of the government's takeover of private hospitals during the COVID-19 crisis, which will affect the way certain services can be delivered.

Ian Guider, markets editor of the Business Post, joined us for our daily business update with this and the following other stories:

• Consumer sentiment suffers largest monthly drop on record
• Debenhams says it had no choice but to appoint liquidator given losses, as Oasis and Warehouse also go bust
• Stripe raises additional $600 million, now valued at $36 billion

Listen to the interview in full by pressing the play button on this page.