Monday, December 18, 2006
Current health insurance policy structures in Ireland could now only support a cartel situation, according to Martin O'Rourke, Managing Director of BUPA Ireland.
He spoke after the company's announced that it is to withdraw from the Irish market in the wake up of the recent decision of the High Court to support the validity of a scheme, known to be Risk Equalisation, which could have forced BUPA to pay out over €160 million in recompense to its rival, VHI.
Under the method, BUPA must recompense VHI for the fact that VHI has more elderly and therefore more expensive subscribers.
posted by kanth
@ 12:26 AM
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