Health insurer budgets to be approved by government

Health insurance companies will have to submit their budgets to the government for approval, according to an amendment to the law on health insurance companies and health care surveillance approved on October 1.

Health insurance companies will have to submit their budgets to the government for approval, according to an amendment to the law on health insurance companies and health care surveillance approved on October 1.

Health insurance companies currently have to submit their annual budget proposals to the Finance Ministry, Health Ministry and the Health Care Surveillance Authority. The Health Ministry - the proposer - claims that the amended law won't breach the standards vis-á-vis the investors established by international agreement. The amendment states that the compulsory levies for public health insurance are considered public finances, not the private property of the insurers. As well, carrying out insurance services is not considered a private enterprise.

According to the Health Ministry, the amendment isn't at odds with any law and it's a common tool of a government that wants to have this process within its grasp, mainly due to its responsibility for allocating public finances.

"The submitted proposal doesn't interfere with ownership rights," the support material reads.

The proposed duty to submit the budget proposal doesn't clash with exercising ownership rights because the property isn't sequestered. Therefore, there is no right for compensation, the Ministry states. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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