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,...

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