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Health insurance companies will have more funds in 2008

Next year, health insurance companies in Slovakia will have nine to 10 percent more available resources compared to this year, according to the calculations of the Health Insurance Companies' Association.

Next year, health insurance companies in Slovakia will have nine to 10 percent more available resources compared to this year, according to the calculations of the Health Insurance Companies' Association.

The association said the financial development of individual health insurers depends on changes to their policyholder base.

The calculations are based on the approved budgets of the state-run health insurers, Všeobecná Zdravotná Poisťovňa and Spoločná Zdravotná Poisťovňa, and also take into account budgets of the private health insurers: Apollo, Dôvera, Európska Zdravotná Poisťovňa and Union.

According to the approved state budget for next year, health insurance companies will have Sk13 billion more this year than last year. Health insurance premiums paid by the state for selected groups of people will grow to 4.5 percent of the average wage in the national economy. The state will thus transfer Sk30.5 billion in health insurance premiums.

The health sector should have Sk100.3 billion in resources available next year, a 15.4 percent year-on-year increase. About Sk96.2 billion of that will be the finances of health insurers.

-SITA

Compiled by Zuzana Vilikovská from press reports

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