The VHI is to become an authorised entity as of July 31st.
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The health insurer raised 90 million euro of subordinated debt through Berkshire Hathaway, and will now be a regulated insurer, like its rivals.
The organisation will also need to maintain a certain level of reserves as its competitors are required to.
Health Minister Leo Varadkar says he doesn't think the VHI will have to raise it's premium costs.
