News Local GHS revenue €30m higher than anticipated, spending €50m lower

GHS revenue €30m higher than anticipated, spending €50m lower

The Health Insurance Organisation’s revenue from the general health system (GHS) is higher than anticipated, while spending is below that budgeted, the HIO senior official Angelos Tropis told the Cyprus News Agency on Tuesday.

The GHS was launched on June 1 last year but compulsory deductions on income started on March 1. From March 1 to October 31, the HIO had received €30m more than anticipated from GHD contributions and co-payments. Spending on the GHS from June 1 to the end of 2019 was €50m less the budgeted.

Tropis said that revenue from deductions from March 1 to October 31 was €330m while another €10m was collected from co-payments over the same period. Co-payments include visits to specialist doctors with the referral of a personal doctor which costs €6 and without which costs €25, as well as the purchase of medicine.

“We have a positive divergence in relation to the revenue projected in the actuarial study by Mercer which estimated we would collect around  €310m,” he said.

As regards expenditure, in the first seven months of the operation of the GHS (June 1 to end of 2019), expenditure totalled €230m which is below the €280m budgeted (€40m a month) because the number of doctors who had signed up in the first few months was lower than the current number.

Tropis said that preparations are underway for an increase in GHS contributions in March  in view of the full implementation of the scheme to cover also in-hospital care. The total budget is €1b a year or some €80 m a year,

Read more

https://in-cyprus.com/eurostat-average-hospital-stay-in-cyprus-in-2017-was-6-1-nights/

Top Stories

272 new cases of COVID-19, no deaths announced on Friday

The Health Ministry announced 272 new Coronavirus cases out of 43,958 PCR and rapid antigen tests on Friday, 26 February, taking confirmed infections to...

Where to get a rapid test on Saturday, 27 February

Aiming at the continuous surveillance of the community and the workplaces, the free programmes of rapid antigen testing of the general population and employees...

Veterinary services deny they refused assistance to ship with cattle

Christodoulos Pipis, director of the Veterinary Services denied claims that the Republic of Cyprus refused assistance to “Elbeik” ship which is carrying 1,776 cows...

250 scholarships to Cypriot students from Bolton University

During a news conference today, the Education Minister announced that the British University of Bolton will give 250 scholarships to Cypriot students within the...

Theologians request immediate withdrawal of Cyprus’s song for Eurovision

The OELMEL Theologians Association is requesting the immediate withdrawal of the song that is going to represent Cyprus to the 65th song competition of...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...