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News - Quinn slams State health 'meddling'.
(From Post Magazine)
Byline: Tanya Powley.
Quinn Group traded blows with the Irish government this week after its attempts to prise the insurer VHI from State control were blocked.
Quinn offered to take over the organisation's 1.5m policyholders rather than meet the government's risk equalisation payments, which it is being forced to pay after acquiring Bupa's Irish operation for a reported EUR150m (GBP102m).
The latest stage in Ireland's health insurance market debacle saw the Irish government rush through emergency legislation last week to remove the legal loophole, which, as a new health insurer, would allow Quinn to be exempt from risk equalisation payments for three years.
Sean Quinn, chairman at Quinn Group, said he was 'baffled' and 'dismayed' by the government's rushing through of emergency legislation.
"In our view, the position taken by the VHI, and now backed by this legislation, is untenable. VHI is in our opinion trading illegally without the required solvency, is charging far too much for its products and is being ...
- BUPA to appeal ruling on risk equalisation.
- News wire article from: Europe Intelligence Wire December 21, 2006 700+ words
...the introduction of the risk equalisation scheme in the health...Barniville, for the VHI, said his side agreed...regulatory framework The risk equalisation scheme, announced by...subsidy to its main rival VHI to compensate for the...
- Health risk equalisation 'should not come in yet'.
- News wire article from: Europe Intelligence Wire November 19, 2004 700+ words
...around [euro]20m to the VHI. The Health Insurance...minister, recommended the Risk Equalisation Scheme should not be introduced at this point. The VHI said yesterday: "The absence of Risk Equalisation has led to higher prices...
- Risk equalisation row lands BUPA with a 5m legal bill.
- News wire article from: Europe Intelligence Wire January 17, 2007 700+ words
...last year to the State, the VHI and the Health Insurance Agency...to the Supreme Court. The VHI said it was pleased with the...challenge the legislation." The risk equalisation scheme would involve BUPA paying a subsidy to its main rival VHI to compensate for the VHI having...
- Health premiums higher 'without risk equalisation'.
- News wire article from: Europe Intelligence Wire March 10, 2004 700+ words
...they should if the risk equalisation scheme is not introduced, VHI chief executive...No increases in VHI premiums will be...courts, challenging risk equalisation scheme as a State...which would reinforce VHI's monopoly. The...
- Harney under fire for shift on health risk equalisation.
- News wire article from: Europe Intelligence Wire February 13, 2007 700+ words
...health insurance risk equalisation is currently...predicts that once risk equalisation payments from...will increase VHI's market power...spokesman for the VHI said it would...derogation from risk equalisation payments even...
- Against risk equalisation.
- News wire article from: Europe Intelligence Wire December 1, 2006 700+ words
...from BUPA regarding risk equalisation. I just wanted to say...the whole concept of risk equalisation. In an ideal world...state organisation, the VHI, for a service which...customer on their books. VHI have had the monopoly...
- Risk equalisation 'breaches EU law'.
- News wire article from: Europe Intelligence Wire February 11, 2006 700+ words
...Irish Independent) Ann O'Loughlin THE introduction of the risk equalisation scheme in the health insurance market would be a barrier to...it. He said the only party that can benefit would be the VHI. He said that the provisions of European law did not permit...
- Risk Equalisation Report.
- News wire article from: Europe Intelligence Wire October 5, 2006 700+ words
(From Business and Finance) Risk Equalisation Report Business & Finances...will mention the need for assessing risk-equalisation legislation's impact on the markets...the anti-competitive impact of risk equalisation, while the HIA was concerned with...
- Harney sidesteps thorny risk equalisation questions.
- News wire article from: Europe Intelligence Wire February 1, 2007 700+ words
...Quinn-direct would avoid paying risk equalisation for three years. The Health Minister...immediate clarification" on the risk equalisation issue. Senator Paul Bradford demanded...unknown whether it will be liable for risk equalisation payments or whether it will be granted...
- Risk-equalisation fund. MEDICAL AID BENEFITS FOR ALL.
- News wire article from: Asia Africa Intelligence Wire June 25, 2004 700+ words
(From Financial Mail) Byline: Jacqui Pile Risk-equalisation fund MEDICAL AID BENEFITS FOR ALL Between 4m and...department has proposed funding this system through a risk-equalisation fund (REF), financed by R7,8bn from the treasury...
