VHI: Govt's health insurance risk scheme set aside

ircoha

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.

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.

BuffyBot

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