General Healthcare System revenue at €1.58 bln in 2023, expenditure at €1.44 bln

The Health Insurance Organisation (HIO)'s revenue from contributions to the General Healthcare System (GHS, more commonly known by the Greek acronym GeSY) amounted to €1.58 billion in 2023, while spending on health services amounted to €1.44 billion.

These figures were revealed to CNA by Senior HIO Officer Angelos Tropis on 10 March, adding that the HIO fund is projected to be sustainable until 2031, citing the results of the latest actuarial study for the period 2022 - 2031.

At the same time, the Senior HIO Officer underlined the "insurance" of the €500 million reserve available to the GHS fund.

Citing preliminary data, Tropis said that expenditure on inpatient care amounted to €684 million in the period January - December 2023, while expenditure on specialists amounted to €231.1 million.

He also noted that spending on GPs amounted to €99.6 million, laboratory fees to €54.2 million, pharmacists' fees to €34.4 million, other health professionals, nurses, midwives and dentists' fees to €56.6 million, while the cost of outpatient medicines and consumables (after deductions for discounts) amounted to €213.2 million.

He added that spending on First Aid and ambulances amounted to €34.8 million in 2023, rehabilitation and palliative care to €10.3 million and missions abroad to €22.0 million.

The Senior HIO Officer noted that the preliminary results exclude administrative costs and income, the provision for European citizen care income and year-end adjustments.

GHO fund viable until 2031

Citing the results of the latest actuarial study for the period 2022 - 2031, which was recently completed by the International Labour Organization (ILO) and the results of which were already presented to the organisation’s Board, Tropis told CNA that the fund of GHS is projected to be sustainable until 2031, in all scenarios considered, no matter how negative.

"Therefore, the actuarial study carried out by the ILO, which is among the most reliable and objective international organisations, shows that the fund will be sustainable, based on the financial management and data to date," he stressed.

Finally, Tropis said that there is currently a reserve of more than €500 million, "the organisation’s and the fund’s insurance policy in case of unexpected negative economic developments."

(Source: CNA)