VšZP will release another €17 million

Všeobecná zdravotná poisťovňa (General Health Insurance Company) will operate with another € 17 million. This will be enabled by the amendment to the Act on Health Insurance approved by Parliament last week. Legal standard newly defines the reporting of solvency of health insurance companies and abolishes the capital ratio and ratio of short-term obligations and liabilities. From July 1st only one solvency criterion is required: insurance company has to fulfill its obligations to providers within 30 calendar days from the day of maturity of liabilities.