Thursday February 27, 2020

VHI and government differ on cash needs

Health insurer insists it will pay its own way, but government expects to stump up at least €150m to recapitalise the VHI, writes Pat Leahy.

22nd December, 2013

The VHI has insisted that it will not need any additional state funding in 2014, and that it will raise any additional capital it needs on the financial markets or through long-term insurance contracts.

''It is our intention to not ask the taxpayer for any money. It is our intention over the next year for us to fund and find our own capital,'' VHI chief executive John O'Dwyer told an Oireachtas committee recently.

Within government,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago