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are VHI really not for profit like they say in the ad?

  • 20-03-2011 12:54pm
    #1
    whoopdedoo
    Closed Accounts Posts: 503 ✭✭✭


    their latest tv ad claims they're the only not for profit health care provider in Ireland, how does that work??


Comments

  • #2
    Saila
    Closed Accounts Posts: 7,751 ✭✭✭Saila


    its a privitised version of the public health service run by the government.


  • #3
    opinion guy
    Closed Accounts Posts: 11,001 ✭✭✭✭opinion guy


    ****clicks follow thread and fetches the popcorn****


  • #4
    Rubik.
    Closed Accounts Posts: 1,185 ✭✭✭Rubik.


    The VHI seem to be taking "this not for profit" thing to the extreme - it generated a 41.7 million euro loss in 2009.


  • #5
    dotsman
    Registered Users, Registered Users 2 Posts: 3,636 ✭✭✭dotsman


    Because they have no hope of ever making a profit.


  • #6
    Coriolanus
    Registered Users, Registered Users 2 Posts: 4,879 ✭✭✭Coriolanus


    Afaik they're like any other company with the exception that they're wholey owned by the Govt. Ie, they have articles of incorporation which oblige them to make as much money for their shareholders as possible or something.


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  • #7
    Phill Ewinn
    Closed Accounts Posts: 2,007 ✭✭✭Phill Ewinn


    No company could afford such generous pension schemes. If the place folded tomorrow you'd still be wasting taxpayers money on it in twenty years time. It's a seriously massive fraud if you ask me. A dinosuar from days gone by.


  • #8
    Merson
    Closed Accounts Posts: 3 ✭Merson


    A dinosaur ? Unlike those sleek new models such as BUPA, Vivas, Quinn and AIB/Aviva...and whoever is coming next...Anglo Irish Bank & Liberty Mutual


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