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VHI
The Voluntary Health Insurance Board ( ga, An Bord Árachais Sláinte Shaorálaigh) — which trades under the brand name Vhi Healthcare, and is still commonly referred to in Ireland as "The Vhi" – is the largest health insurance company in Ireland. It is a statutory corporation whose members are appointed by the Minister for Health. It is regulated by the Health Insurance Authority. Products Vhi Healthcare offers a number of health insurance products. It also has Dental and Travel insurance. Vhi Healthcare has over 1 million members. Until 14 December 2006, its main rival in the market was BUPA Ireland but since BUPA's withdrawal, Irish based Laya Healthcare (formerly Quinn Healthcare) and Aviva have emerged as Vhi's main competition. The current Healthcare business model is based on directly paying the consultant and hospital bills of its members. In February 2010 Vhi launched Vhi HomeCare a joint venture providing "Hospital in the Home" type services, it also provides ...
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Tom O'Higgins
Thomas Francis O'Higgins (23 July 1916 – 25 February 2003) was an Irish Fine Gael politician, barrister and judge who served as Chief Justice of Ireland from 1974 to 1985, a Judge of the European Court of Justice from 1985 to 1991, a Judge of the High Court from 1973 to 1974, Deputy Leader of Fine Gael from 1972 to 1977 and Minister for Health from 1954 to 1957. He served as a Teachta Dála (TD) from 1948 to 1969. Part of a new generation of Fine Gael leaders who emerged in the 1950s and 1960s, O'Higgins worked alongside Declan Costello and Garret FitzGerald to liberalise the conservative Fine Gael. In the late 1960s and early 1970s, O'Higgins twice contested the presidency of Ireland; in his first attempt in 1966, he lost by 1% of the vote against Éamon de Valera. In the aftermath, his personal image was greatly enhanced and he was catapulted into the position of deputy leader of Fine Gael. Despite being the initial favourite to win, O'Higgins lost the 1973 Irish presiden ...
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Nationalised
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ...
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Quinn Healthcare
Laya Healthcare is a health insurance company in Ireland. Its headquarters are in Little Island, County Cork. It is regulated by the Health Insurance Authority. History BUPA Ireland, then part of the wider BUPA group, entered the private medical insurance market in Ireland in 1997 ending the Vhi Healthcare monopoly which had existed for almost 40 years following the opening of the health insurance market in Ireland in 1994. In December 2006, BUPA Ireland announced that it would be leaving the Irish market as the High Court had left the Risk Equalisation scheme unchallenged. BUPA Ireland argued it could not afford to make a cash transfer to Vhi Healthcare as required under the Risk Equalisation Scheme. In February 2007 the QUINN group acquired BUPA Ireland and renamed it QUINN-healthcare.Quinn Group announces 500 Fermoy jobs ...
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Health Care In The Republic Of Ireland
Health care in Ireland is delivered through public and private healthcare. The public health care system is governed by the Health Act 2004, which established a new body to be responsible for providing health and personal social services to everyone living in Ireland – the Health Service Executive. The new national health service came into being officially on 1 January 2005; however the new structures are currently in the process of being established as the reform programme continues. In addition to the public-sector, there is also a large private healthcare market. In 2019 Ireland spent €3,513 per capita on health, close to the European Union average, of this spending approximately 79% was government expenditure. In 2017 spending was the seventh highest in the OECD: $5,500 per head. Overcrowding has been an issue at hospitals in Ireland, with over 118,000 patients having to wait for a bed in 2019. Healthcare system All persons resident in Ireland are entitled to rece ...
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Healthcare In The Netherlands
Healthcare in the Netherlands is differentiated into several main categories. Firstly in three different echelons; secondly in physical (somatic) versus mental healthcare; and thirdly in "cure" (short term) versus "care" (long term). ''"Huisartsen"'' (U.S.: Primary care physician, physicians / U.K.: general practitioners; lit.: home/family doctors), ''"huisartsenposten"'' ((acute) GP/primary medical centers), and casualty / emergency rooms (''"SpoedEisende Hulp / SEH"'') mainly form the first echelon. Being referred by a first echelon professional is frequently required for access to treatment by the second and third echelons (hospitals and specialists, as well as long term care), or at least to qualify for insurance coverage for their treatment.J.M. Boot, 'De Nederlandse Gezondheidszorg', Bohn Stafleu van Loghum 2011 From 2012 to 2020, health care spending declined from 10.9 percent to 10.5 percent of GDP. History From 1941 to 2006, there were separate public and private syst ...
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2011 Irish General Election
The 2011 Irish general election took place on Friday 25 February to elect 166 Teachtaí Dála across 43 constituencies to Dáil Éireann, the lower house of Ireland's parliament, the Oireachtas. The Dáil was dissolved and the general election called by President Mary McAleese on 1 February, at the request of Taoiseach Brian Cowen. The 31st Dáil met on 9 March 2011 to nominate a Taoiseach and ratify the new ministers of the 29th Government of Ireland. Cowen had previously announced on 20 January that the election would be held on 11 March, and that after the 2011 budget had been passed he would seek a dissolution of the 30th Dáil by the President. However, the Green Party, the junior party in coalition government with Cowen's Fianna Fáil, withdrew from government on 23 January, stating that it would support only a truncated finance bill from the opposition benches, in order to force an earlier election. On 24 January, Finance Minister Brian Lenihan Jnr reached an agreeme ...
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Government Of The 31st Dáil
The Government of the 31st Dáil or the 29th Government of Ireland (9 March 2011 – 6 May 2016) was the government of Ireland which was formed following the 2011 general election to Dáil Éireann on 25 February 2011. It was a coalition government of Fine Gael and the Labour Party led by Enda Kenny as Taoiseach. From 2011 to 2014, Labour Party leader Eamon Gilmore served as Tánaiste, and from 2014 to 2016, the new Labour leader Joan Burton served as Tánaiste. The 29th Government lasted days from its appointment until its resignation, and continued to carry out its duties for a further 57 days until the appointment of the successor government, giving a total of days in office. 29th Government of Ireland Nomination of Taoiseach The 31st Dáil first met on 9 March 2011. In the debate on the nomination of Taoisech, only Fine Gael leader Enda Kenny was proposed. This proposal was carried with 117 votes in favour and 27 votes against, the greatest number of votes cast in t ...
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Community Rating
Community rating is a concept usually associated with health insurance, which requires health insurance providers to offer health insurance policies within a given territory at the same price to all persons without medical underwriting, regardless of their health status. ''Pure'' community rating prohibits insurance rate variations based on demographic characteristics such as age or gender, whereas ''adjusted'' or ''modified'' community rating allows insurance rate variations based on demographic characteristics such as age or gender. Concept Community rating, as a basis for premium calculation, is fundamentally different from the usual method of determining insurance premiums, i.e. ''risk'' rating. In a risk rated insurance market, an insurer calculates the premium payable by a potential policy holder in order to enter into an insurance contract on the basis of various factors particular to that individual, such as the risk of a claim occurring, and the value of any such claim ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Private Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This is ...
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Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ...
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Privatisation
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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