gesy funding — The national healthcare system, known as Gesy, appears secure from a funding perspective, as confirmed by MPs on Thursday.
- gesy funding — The national healthcare system, known as Gesy, appears secure from a funding perspective, as confirmed by MPs on Thursday.
- During a session of the House health committee discussing the 2026 budget of the Health Insurance Organisation (HIO), it was revealed that this year’s balance sheet totals €2.19 billion.
- The report indicated that the HIO lacks updated information on individuals who have left Cyprus, meaning that some may continue to receive benefits from Gesy despite no longer being eligible.
During a session of the House health committee discussing the 2026 budget of the Health Insurance Organisation (HIO), it was revealed that this year’s balance sheet totals €2.19 billion.
Disy MP Savia Orphanidou reported that assurances were received from the head of the HIO, indicating the organisation maintains a €700 million cash buffer. This reserve is sufficient to cover operational needs for about four-and-a-half months, exceeding the internationally accepted threshold of three months.
Despite this financial stability, Orphanidou and her fellow lawmakers expressed concerns regarding inefficiencies and potential abuses within the system, as highlighted in a recent risk report. This document identified 24 risks associated with Gesy, including one that raised questions about funding integrity.
According to the actuarial report, Gesy is expected to sustain robust cash reserves until 2032. However, one notable risk pertains to the compensation payments made to healthcare providers, particularly personal doctors, for beneficiaries who may no longer reside in the Republic.
The report indicated that the HIO lacks updated information on individuals who have left Cyprus, meaning that some may continue to receive benefits from Gesy despite no longer being eligible.
This oversight poses challenges for the HIO, which calculates compensation for personal doctors based on their registered patients. The absence of accurate residency data could lead to financial imbalances within the system.
Moreover, the HIO’s software system has come under scrutiny for being inefficient, often causing delays in processing prescriptions. This has left many patients frustrated and without timely access to necessary medications.
In response to these issues, the HIO announced plans to assume control of the IT system itself starting in May, after previously relying on a subcontractor for its management. The decision to take over operations is aimed at improving the system’s efficiency and addressing the concerns raised by both MPs and users of Gesy.
