The Government is on course to protect consumers from monopolies and business moves that would lead to “distortion to the local market”, the Opposition was told in the House of Assembly.

David Burt, the Premier, responded to questions from Robin Tucker, the Shadow Minister of Health, who asked “what practical steps the Government is taking to ensure that the merger of Argus and BF&M does not lead to unsustainable premium increases or reduce access to care”.

The One Bermuda Alliance raised concerns this week over the merger last year, questioning its potential impact on choices available to clients.

The insurer has been criticised over its decision, based on cost effectiveness, outcomes and long-term sustainability, to move Boston Children’s Hospital from its preferred provider network. BCH remained on its overall provider network.

Mr Burt said that the Government was not able to regulate premiums in private healthcare. He added: “What the Government has done is advance matters that are related to universal healthcare, to ensure that there is a broad base of healthcare provision and coverage.”

He told the House on Friday: “Bermuda currently has no rules, laws or regulations governing the mergers of the private sector.”

Mr Burt acknowledged that the Progressive Labour Party had included oversight in election manifestos and Throne Speeches.

“It’s something the Minister of Home Affairs is working on, in so far as making sure that there is fair competition inside our domestic market.”

He said that he hoped the Opposition “keeps that energy and concern” for when the Government brought such laws to the House. He adding that he was “sure there will be full public consultation”.

Ms Tucker asked in relation to the merger “what channels will the Government provide that are not already available to have people avoid going on social media and putting their complaints there”.

Mr Burt said: “There is a healthcare regulator in Bermuda in so far as the Bermuda Health Council and if persons do have any complaints they wish to lodge or share, they can make them there.”