The result of arbitration strengthened Fico´s intention

Tuesday, 11. December 2012, 20:48

The decision of the arbitral tribunal in a dispute between shareholders of Union Health Insurance Company and the Slovakia in case of ban of profit of health insurance companies will not deter the Slovak government to introduce a Unitary Health Insurance System. As confirmed by Prime Minister Robert Fico, a decision contrary strengthened the intention to create a one health insurance company. International arbitral tribunal arbitrated that the state must pay to private company € 22 million as compensation, which should has arisen due to the so-called ban of profits for health insurance companies. Slovakia should also pay court costs and fees associated with the arbitration in total amount € 3 million.