Health Insurance Fund’s loss already three times higher than expected

The Estonian Health Insurance Fund's deficit in the first half of 2016 was more than three times as high as expected. (ERR)
8/19/2016 8:59 AM
Category: News

For 2016, the government budgeted a loss of around €9m. This gap in the fund’s finances would then have been covered using some of its reserves. But after the first half of the year, the fund is already running at a €33m loss, and about to become a factor in the bugdet discussions for next year.

This loss occurs despite the fact that the number of people insured by the fund has decreased by 15,392 and that revenue from social tax allocated to healthcare has grown by €12.6m, daily Postimees wrote on Friday.

Minister of Health and Labour Jevgeni Ossinovski (SDE), who also sits on the Health Insurance Fund’s supervisory board, said that it had to be taken into account that they also had some €114m of undistributed profits still in the fund’s coffers.

With its projected loss more than three times higher than budgeted, the Health Insurance Fund, despite its being financially secure, now stands to become a serious factor in the next state budget rounds.

Editor: Dario Cavegn

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