End of forced administration at VZP

02-05-2006

Health minister David Rath has moved to end forced administration at VZP, the country's largest state owned health insurance company. The decision coincides with the appointment of Pavel Horak to the post of general director. Minister Rath, who imposed forced administration on VZP last November said the situation had stabilized and the company's debt had shrunk from 12 billion to seven billion crowns. The minister's critics counter that it was not forced administration which reduced the debt but a generous financial injection from the government.