Government announces plan to sell VHI
The Government plans to sell VHI, the state-owned health insurance company, after making a "substantial" capital injection, the Minister for Health Mary Harney has said.
“The Government expects that in the sale process, the injection of State capital will be recovered, with a return also,” Harney said in a statement today.
“I have no doubt that several well-established, potential purchasers will come forward,” she added.
“The potential for a third party investment in, and sale of, the VHI was signalled as far back as the white paper on health insurance in 1999."
"I discussed the Government’s strategy with the chairman and CEO of the company this afternoon."
"I am confident that everyone involved will work in the new strategic situation to provide an excellent health insurance service in a community-rated market."
"I am fully confident that employment will be sustained and services will be maintained."
- Dara Doyle
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