no equalisation payments to make for the next 3 years
Eh? I have no idea about the man's politics (which I presume this refers to) and his Wikipedia entry doesn't clarify either. What does the "F" stand for?Quinn can hardly operate a business for too long with "British" in the title, can he? Roll on FUPA?
Surely seeing as he's buying an existing business, with an existing client base, they're not a new entrant. I know that Bertie and Mary were trying to fudge the issue on the news as if some other committee runs the country but if this unelected committee "pretends" the Bupa business is a new entrant it'll be hilarious. The subsequent breakdown of their risk equalisation and therefore the community rating might not bode well for the election, more in that they won't look like they know what they're doing at all.http://www.rte.ie/news/2007/0131/bupa.html
very interested in the line that says as a new entrant quinn will have no equalisation payments to make for the next 3 years. what's to stop quinn selling back to bupa or to hibernian in 3 years time?
ClubMan, are you guilty of not abiding by the posting guideline #17?
I was actually interested in what opinion the opening poster had about the story (perhaps my reference to posting guideline 17 was a bit cheeky, but also cheekily deleted)
"what's to stop quinn selling back to bupa or to hibernian in 3 years time?"
Why would BUPA want back in in 3 years time?
There has been an ongoing discussion across several other threads about the BUPA situation. The news link is pertinent and I don't think that further commentary was necessary. I don't really hve an opinion on the issue but wanted to alert other interested readers to developments.17. Posts with links only may be deleted
Posts containing only links with no associated commentary or expression of an opinion may be deleted. The purpose of AAM is to encourage reasoned discussion. Unfortunately some people have resorted to simply posting links to articles with no accompanying commentary, expression of an opinion or overall contribution to the substantive discussion. In many cases such posts seem to made simply to cause controversy. Where this is suspected to be the case such posts will be deleted. Where the link seems to be posted in good faith and makes sense in the context of the ongoing discussion the post will not be deleted.
If this is upheld, then I can see BUPA being sold on this basis every 3 years. Is there any guarantee they'll be awarded a license?Listening to RTE now, Quinn are buying BUPA Ireland Ltd., an insurance services company which does not have a license. The parent BUPA company has the license. Quinn don't have a license, so they have to apply for a license, and are thus a new entrant to the market.
At which stage BUPA could re-enter without paying risk equalization