Monday, November 27, 2006
Health insurance uncertainty after ruling
Source: irishhealth.com
BUPA Ireland might seek a deal with the Government, which would ensure its future feasibility in the Irish market following the High Court decision yesterday declining its challenge to the legality of a scheme that can force it to pay over $161 million to its main rival, VHI.
Risk equalization provides for health insurance companies with less elderly subscribers to support financially compensate other companies who have a higher level of elderly and hence more expensive-to-cover subscribers.
Source: irishhealth.com
BUPA Ireland might seek a deal with the Government, which would ensure its future feasibility in the Irish market following the High Court decision yesterday declining its challenge to the legality of a scheme that can force it to pay over $161 million to its main rival, VHI.
Risk equalization provides for health insurance companies with less elderly subscribers to support financially compensate other companies who have a higher level of elderly and hence more expensive-to-cover subscribers.
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