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

Delays in informing those tested of Covid results, MoH working towards solution

Citizens who took the Covid-19 test say they are still waiting to be informed of their results, with one case having been tested on...

What you need to know about the coronavirus right now

Here's what you need to know about the coronavirus right now: Boris Johnson in intensive care British Prime Minister Boris Johnson was being treated for worsening...

How many EU citizens die from influenza?

In 2016, a total of 4 186 people in the EU died from influenza, recording a standardised death rate of 9 deaths per million...

Nicosia: Two held for flouting decree, resisting arrest

Two foreign nationals are in police custody for flouting the stay at home decree and  reportedly spitting at police officers, philenews reports. The incident took...

Giant tour operators to determine Cyprus tourism’s post-coronavirus fate

Cyprus' tourism is highly dependent on a handful of giant tour operators who will determine the post-coronavirus fate of the sector, Phileleftheros reports. The Mediterranean island’s key operators number two...

Taste

Halloumi bread

Sift the flour with the salt into a bowl and mix in the yeast and lemon rind. Make a well in the centre of...

Tahinopita (Tahini pie)

A Tahinopita is a sweet pastry that is made of tahini paste (roasted sesame seed puree), with local carob syrup. Although enjoyed all year...

Pantzaria salata (Beetroot salad)

Rinse the beetroot, cutting the leaves off if they have any (the leaves can be boiled and served with olive oil and lemon). Put...

Olive pies with orange juice

Mix the flour with the oil until it has all been absorbed.  (you can do this in a mixer). Then, make a well in...