Seanad debates
Thursday, 22 February 2007
Order of Business (Resumed)
11:00 am
Fergal Browne (Fine Gael)
A Chathaoirligh, this is extremely relevant to the 400,000 customers and 350 employees, or former employees, of BUPA Ireland. We are entitled to ask questions. Last night I asked the Minister if there was a need for an independent financial analysis of VHI. We hear rumours that it is in trouble. It is time that was clarified. The Minister has spoken about breaking up the VHI in the past but has not done so. Why not? Was the VHI on the verge of bankruptcy if the risk equalisation payments were not made? If Sean Quinn decides to stay in the health insurance industry, the Minister, as a result of last night's action, has now guaranteed that he will have no new competition for the foreseeable future.
Last night the media reports constantly referred to the Dáil meeting to discuss this issue. We were here until after midnight and it is unfair of RTE and other broadcasters not——
No comments