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Sme: Public health insurer almost out of cash

Slovakia's largest health insurer Všeobecná Zdravotná Poisťovnňa (VšZP) had only €5.7 million on its account on April 6, the Sme daily reported on April 7.

Slovakia's largest health insurer Všeobecná Zdravotná Poisťovnňa (VšZP) had only €5.7 million on its account on April 6, the Sme daily reported on April 7.

By comparison, the second largest health insurer, private insurer Dôvera held €44.5 million in cash on the same day.

Healthcare think-tank HPI pointed out in Sme that Všeobecná's cash reserve covers only one day’s expenditure at the most. Dôvera has financial reserves covering 34 days of expenditure. State-run VšZP is not hiding the fact that it expects a €25 million shortfall in revenues for the first three months of this year and that this could climb to over €63 million by the end of the year. HPI said it assumes VšZP significantly overestimated its financial possibilities under political pressure and suggested that the Healthcare Supervision Office order the company to prepare a recovery plan. However, that office sees no reason to do so, reported Sme. Sme

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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