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VHI: Govt's health insurance risk scheme set aside

  • 16-07-2008 10:04am
    #1
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭


    see http://boards.ie/vbulletin/showthread.php?t=2055336153 instead

    http://www.rte.ie/news/2008/0716/bupa.html
    <The Supreme Court has ruled that the Government's risk equalisation scheme for health insurance is based on a wrong interpretation of the law and should be set aside.

    The court upheld BUPA's appeal against a High Court decision rejecting its challenge to the scheme.

    Under the scheme, VHI was to have received payments of more than €40m from BUPA.

    Those payments had been postponed pending the outcome of this appeal.>

    Looks like Quinn got a good deal when he took over BUPA.

    This will cause hugh issues for VHI with the much older customer base.


Comments

  • #2
    Fulton Crown
    Banned (with Prison Access) Posts: 2,493 ✭✭✭Fulton Crown


    ircoha wrote: »
    see http://boards.ie/vbulletin/showthread.php?t=2055336153 instead

    http://www.rte.ie/news/2008/0716/bupa.html
    <The Supreme Court has ruled that the Government's risk equalisation scheme for health insurance is based on a wrong interpretation of the law and should be set aside.

    The court upheld BUPA's appeal against a High Court decision rejecting its challenge to the scheme.

    Under the scheme, VHI was to have received payments of more than €40m from BUPA.

    Those payments had been postponed pending the outcome of this appeal.>

    Looks like Quinn got a good deal when he took over BUPA.

    This will cause hugh issues for VHI with the much older customer base.

    Agreed - for VHI read VHI'S 1.5 million subscribers.

    Will also ultimately affect the cost of health insurance for older people as the principal of community rating will not survive in the absence of risk equalisation.

    Government may ultimately have to go down the road of German / French model of tax based contributions.


  • #3
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    As there is an existing thread, I don't think we need to duplicate it here.


This discussion has been closed.
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