Oct. 19 (Bloomberg) -- Hungary is planning for a two-pillar pension and health insurance system, Prime Minister Viktor Orban said.

“We are thinking of an insurance market in the future which is based on two pillars,” Orban said at a conference in Budapest today. “This goes for pensions as well as health insurance.”

Orban said the two pillars were a “strong” state pillar and a strengthening private pillar.

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net