IN SHORT

Health insurers threaten lawsuit against Slovakia

PRIVATELY-OWNED health insurance companies in Slovakia are prepared to sue the Slovak Republic over the matter of investment protection.

Health Insurance Companies Association (ZZP) President Igor Dorčák told the press on June 10 that if the government forces private health insurers out of the public health insurance system, their damages would amount to approximately Sk30 billion (€900.35 million).

Dorčák said this in response to the cabinet's Legislative Council, which advanced on July 10 the draft amendment to the Act on Health Insurance Companies for further proceedings. Among the draft's proposals are lowering the cap on funds that health insurers can use for their own administration, and ordering insurers to spend all of their profits on health care settlements.

During the draft's inter-departmental review, a number of state institutions said the proposed amendment could contradict the Slovak constitution and international agreements.

All four privately-owned health insurance companies in Slovakia currently have foreign shareholders. The ZZP said if the law prevents insurers from making a profit and restricts other forms of competition, the insurers would have no reason to remain in Slovakia.

Get daily Slovak news directly to your inbox

Top stories

News digest: Penta partner Haščák reportedly charged with corruption after a police raid

Anti-communist fighters will receive pensions. Sunk tugboat being drawn out of the water.

Jaroslav Haščák

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.

Responsibility goes hand in hand with EU advantages, says President Čaputová

President Zuzana Čaputová spoke with Vice President of the European Commission for Values and Transparency, Věra Jourová.

President Zuzana Čaputová

Half of all parents lack time to help their children with distance learning

Some have a hard time motivating their children, others do not understand the curriculum.