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Are the HSE about to underwrite Co-location?


spidermom

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deiseguy

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It simply depends on the sums if enough FF cash is at risk then you can take it to the bank that they will be underwritten it's how things have worked for 80 years and it ain't going to change anytime soon.
 

Baron von Biffo

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Co-located hospital contracts may change this October ? Irish Medical Times

Been following this for a while..!
originally the private hospitals themselves would take any hit...but then the celtic tiger had its ventilator turned off....the report is very sketchy in the IMT...anyone able to fill in the blanks????
The co-located hospitals will be too big to fail. The whole health sector would collapse if they did. The contracts will be Irish Socialism - all profits owned by the investors and all losses owned by the taxpayer.
 

Empt

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Of course the government will underwrite it. Its all part of Harney and FFs plan to run the public health service into the ground to create a market for private health insurance and hospitals. There is no need for private hospitals if there is an efficient and well run public health service.
 

Decadance

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I don't think the HSE can now alter the contracts in such a significant manner as this. They entered competitivue dialogue with potential providers of the co-located hospitals on the basis of bonds being made available.

Should they wish to change the terms of the contracts for co-location a new tender competition will be required.
 

powderfinger

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Lipstick on a pig

It gets worse.
It appears that Harney is preparing legislation which will force health insurance companies to provide cover at the State dependent co-located hospitals.


HSE to alter co-located hospital agreements so projects can start | The Post

Bankers also sought clarity over future revenue at the hospitals, namely certainty that the health insurers would cover the hospitals.

The Sunday Business Post understands that the Department of Health is considering legislation that would force health insurers to cover private hospitals that met certain standards.

VHI, the state’s largest health insurer, said last week that it would not cover its customers in co-located private hospitals. However, a spokesman for the Department of Health said that the state owned insurer would not be allowed to thwart government policy. ‘‘It is simply not the VHI’s call," he said.
 

goosebump

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It gets worse.
It appears that Harney is preparing legislation which will force health insurance companies to provide cover at the State dependent co-located hospitals.
What's wrong with that?
 

powderfinger

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What's wrong with that?
Compelling the VHI to cover colocated hospitals via legislative diktat is likely to drive premiums towards Boston levels.
However there are no specific details yet as to exactly what Harney is going to bring forward in terms of legislation and colocation contract amendment.
It appears that she will bring proposals to the cabinet table in October.

Where stand the Greens on altering the existing colocation agreements?
 

Nemi_

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Aug 20, 2010
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Co-located hospital contracts may change this October ? Irish Medical Times

Been following this for a while..!
originally the private hospitals themselves would take any hit...but then the celtic tiger had its ventilator turned off....the report is very sketchy in the IMT...anyone able to fill in the blanks????
I can't fill in the blanks but, if this turns out to mean that the State take on the risk, it would be quite significant.

If the State carries the risk in a PPP contract, then any borrowing must be counted as part of the State's debt under EU rules. That's why, I would guess, the story says that the Government has been anxious not to take on this risk.

So, if this story pans out, its yet another item to add to the official measure of Ireland's indebtedness.
 

powderfinger

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*bump*
The HSE has extended the colocation project agreements for three months, in an attempt to overcome the associated banking and legal issues.
Legal snags cause further co-location delays

It is understood that the private operators of the co-located hospitals have told the HSE that the arrangements as they stand in the project agreements mean the hospitals would essentially be "unbankable" and that the agreements need to be revised.
While the developers claim the banks would not have difficulty in principle with funding the projects, the say the degree of risk in the current legal arrangements would make it nearly impossible to raise capital for the projects.
The issues include lack of clarity over the criteria for the termination of a project and on the issue of compensation in the event of such a termination.
The co-located hospital operators claim the banks' reluctance to fund the hospitals on the current contractual basis is not directly related to the credit crunch and the risk issue would have arisen in any case.
 

Old Mr Grouser

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... It appears that Harney is preparing legislation which will force health insurance companies to provide cover at the State dependent co-located hospitals.
What's wrong with that?
It would be quite a clever way of keeping non-Irish insurance companies out of the Irish market - if the European Commission allow it.

The way that BUPA operates in the UK is to agree a set of charges with the providers, the doctors and hospitals; and BUPA then only employs those providers whose charges it considers reasonable.

I can't see there being a normal market for private health insurance if the insurers are forced to use particular hospitals irrespective of their charges or other considerations.
 

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