Forced administration at VZP to end on Tuesday

The forced administration that was put in place last November at the country's biggest state-owned health insurer, VZP, will be terminated on Tuesday, says Health Minister David Rath. In a televised debate on Sunday, Mr Rath said VZP's close to 14 billion crown debt has now been reduced to under 7 billion crowns. The insurer will also have a new director, Pavel Horak, as of Tuesday May 2.

Author: Dita Asiedu