Hungary to Open Health Insurance System to Limited Private Competition

(Bloomberg) -- Hungary's government plans to open
the country's health insurance market to a limited amount of
private investment, ending the state monopoly on medical coverage
that the Communists set up almost 60 years ago.

The plan, subject to parliamentary approval, will create
five to seven health funds that will compete with each other for
patient contracts for six to 12 months after they're established,
according to the text of a speech by Prime Minister Ferenc
Gyurcsany yesterday. The state will maintain a majority holding
in each fund and will open the remaining stakes to companies, he
said.


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