State does not have to pay for the ban on generating profits

Financial group Penta lost its first lawsuit over the ban for private health insurers. The verdict is not valid yet.

Illustrative stock photoIllustrative stock photo (Source: SME)

The state will not have to pay compensation for imposing a ban on private health insurers to generate profits. The Bratislava I District Court dismissed a lawsuit submitted by the Penta financial group on July 19.

The verdict is not valid yet, the Sme daily reported.

Penta needs to read the verdict, the ministry is satisfied

Penta was asking for €82 million plus another €140 million in interests for a measure that was introduced by the first Robert Fico government (2006-2010). It originally demanded €750 million in compensation and later reduced its claim to €480 million, Sme wrote.

Related articleDispute between Penta and the state continues Read more 

“We have to read today’s decision carefully,” said Martin Danko of Penta, as quoted by Sme.

As he explained, the dispute was not about financial compensation, but rather principle.

“We wanted the court to decide whether politicians can wilfully change the rules for doing business in the public health insurance sector,” Danko added for Sme.

Finance Minister Ladislav Kamenický (Smer) was pleased by the verdict.

“I’m really happy that the court confirmed our opinion and we won the dispute,” he said, as quoted by Sme.

The Health Ministry responded that the money from public health insurance should be spent on health care.

Disclaimer: The Penta financial group has a minority share in Petit Press, the co-owner of The Slovak Spectator.

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