Business Irish

Saturday 24 June 2017

Sell VHI on now, urges Aviva

Louise McBride

Louise McBride

HEALTH insurer Aviva is calling for the Government to sell VHI Healthcare immediately so that taxpayers are not hit with another huge bailout bill.

"With every month, VHI's solvency levels are deteriorating," said Aviva CEO Jim Dowdall (above). "The cost of getting the VHI to a solvent level so that it can be sold will put a huge burden on the taxpayer."

Although last May the Government said it would be selling VHI, it could be another two or three years before the insurer is sold.

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