Menu
26/05/2009
Health Insurer Reports Mammoth Deficit
Ireland's state owned health insurer VHI has reported a deficit of €65m for the ten month period ending December 2008.
The level of deficit is a complete reversal of the €63m of surplus the company was running at in the previous year.
The company claimed it lost €43m on its investment portfolio over the year, while paying millions extra due to an increase in the number of medical procedures it paid for.
In the report published by the company yesterday, VHI claimed the company it spent on average €775 for each customer last year in meeting their medical needs - between €300 and €400 more on each subscriber compared to its rivals.
Jimmy Tolan, Chief Executive, said: "The cost of providing high quality medical care continues to increase year on year - a factor of ongoing improvements in technologies, treatment and drugs."
The number of medical procedures, which VHI customers accessed in private hospitals, increased 14% in 2008 compared to 2007, he added.
(DW/BMcC)
The level of deficit is a complete reversal of the €63m of surplus the company was running at in the previous year.
The company claimed it lost €43m on its investment portfolio over the year, while paying millions extra due to an increase in the number of medical procedures it paid for.
In the report published by the company yesterday, VHI claimed the company it spent on average €775 for each customer last year in meeting their medical needs - between €300 and €400 more on each subscriber compared to its rivals.
Jimmy Tolan, Chief Executive, said: "The cost of providing high quality medical care continues to increase year on year - a factor of ongoing improvements in technologies, treatment and drugs."
The number of medical procedures, which VHI customers accessed in private hospitals, increased 14% in 2008 compared to 2007, he added.
(DW/BMcC)
Related Irish News Stories
Click here for the latest headlines.
26 June 2012
Two Thirds Of Final Year Medical Students Do Not Plan To Work In Irish Hospitals
Fine Gael Senator for Cork and Seanad Spokesperson on Health, Colm Burke, has today released the results of a survey he commissioned of medical students across the country, which found that nearly two thirds of final year medical students (65.5%) do not plan on working within the Irish hospital system one year after their graduation.
Two Thirds Of Final Year Medical Students Do Not Plan To Work In Irish Hospitals
Fine Gael Senator for Cork and Seanad Spokesperson on Health, Colm Burke, has today released the results of a survey he commissioned of medical students across the country, which found that nearly two thirds of final year medical students (65.5%) do not plan on working within the Irish hospital system one year after their graduation.
11 July 2013
Cancer Patients No Longer Guaranteed Medical Card
People on low incomes diagnosed with cancer will no longer receive a special medical card unless their condition is terminal. Special medical cards are given to people over the "normal financial eligibility limit" but face high medical bills following an illness diagnosis.
Cancer Patients No Longer Guaranteed Medical Card
People on low incomes diagnosed with cancer will no longer receive a special medical card unless their condition is terminal. Special medical cards are given to people over the "normal financial eligibility limit" but face high medical bills following an illness diagnosis.
21 August 2009
'Sadness' As Swine Flu Death Revealed
The North has suffered its first swine flu fatality. The woman died last night having been previously diagnosed with swine flu. She passed away in hospital and it is understood she had an underlying health condition.
'Sadness' As Swine Flu Death Revealed
The North has suffered its first swine flu fatality. The woman died last night having been previously diagnosed with swine flu. She passed away in hospital and it is understood she had an underlying health condition.
14 November 2013
Major Medical Card Scheme Review To Happen Next Year
A major review of the medical card system is to be carried out next year, the biggest review in the history of the scheme. According to reports over 1 million medical card holders will have their cases reviewed to establish if they are still eligible for the benefit.
Major Medical Card Scheme Review To Happen Next Year
A major review of the medical card system is to be carried out next year, the biggest review in the history of the scheme. According to reports over 1 million medical card holders will have their cases reviewed to establish if they are still eligible for the benefit.
09 January 2020
20-Year-Old Charged With Attempted Abduction Of 69-Year-Old Woman
A 20-year-old has appeared at Dublin District Court charged in connection with the attempted abduction of a woman in Dublin. The woman, 69, was attacked from behind on the morning of Monday, 06 January, as she walked on Blackhorse Avenue.
20-Year-Old Charged With Attempted Abduction Of 69-Year-Old Woman
A 20-year-old has appeared at Dublin District Court charged in connection with the attempted abduction of a woman in Dublin. The woman, 69, was attacked from behind on the morning of Monday, 06 January, as she walked on Blackhorse Avenue.
-
Ireland WeatherToday:A dry day with long spells of sunshine for most, however eastern coasts will see rather more in the way of cloud at times, with just the risk of an odd light morning shower. Mainly light northerly winds. Maximum temperature 13 °C.Tonight:A fine end to the day with some evening sunshine. It remains dry overnight with a touch of frost possible in places, although cloud is expected to increase towards dawn. Minimum temperature 0 °C.
