The General Healthcare System (GeSY) enters the next seven years showing clear signs of financial maturity and resilience. The latest actuarial study records a steady upward trend—reflected not only in consecutive surplus budgets, but also in the consistent strengthening of its reserves. Despite rising operating costs and the expansion of its services, GeSY now demonstrates the foundations of a sustainable, financially self-reliant system capable of meeting citizens’ needs and addressing health-sector challenges.

Mr. Angelos Tropis, Chief Financial Officer of the Health Insurance Organisation (HIO), told Brief that GeSY’s fund remains financially sustainable until 2032, according to the most recent Actuarial Study conducted by the International Labour Organization (ILO). “These findings remain consistent across all scenarios and sensitivity tests examined, including those projecting different economic and operational conditions,” he noted.

According to Mr. Tropis, “the study shows that GeSY maintains a consistently positive reserve throughout the entire period under review (2023–2032), without requiring any increase to the current contribution rates. The size of the reserve exceeds international best practices, as it can cover payments for more than 3.5 months—compared to the three-month benchmark considered optimal. This provides the necessary buffer to respond adequately to unexpected crises.”

Official data show that GeSY’s revenues for 2024 reached €1.836 billion, exceeding expenditures of €1.720 billion. This results in a €116 million surplus, supporting the system’s continued operation and service upgrades. The System’s total reserve is expected to reach €709 million, creating a solid financial buffer for future challenges.

The positive trend continues into 2025. Revenues are projected to rise to €2 billion, balanced by expenditures of the same amount. Even with this near-equilibrium budget, a small €10 million surplus is expected, reflecting tight financial control. The reserve is anticipated to grow further, reaching €720 million, reinforcing the system’s long-term sustainability strategy.

The year 2026 marks a phase of stabilisation. The non-approved budget foresees both revenues and expenditures at €2.1 billion. Achieving balance at this level indicates that the System has matured and can fully meet citizens’ needs with its projected income.

In summary, GeSY’s financial figures suggest a system that is stable and resilient. The ongoing accumulation of reserves—combined with maintaining surpluses in the early years—positions it as a financially robust healthcare model capable of meeting future demands.

Mr. Tropis emphasised that continuous monitoring of revenues and expenditures remains a daily priority, despite the positive indicators. “Financial stability requires constant vigilance, and we are implementing a comprehensive action plan focusing on three pillars: the gradual introduction of new protocols and tools using technology and Artificial Intelligence (AI) to identify and effectively address fraud or abuse; the application of quality criteria and performance indicators (KPIs) across five operational levels for optimal resource management; and upgrading the quality of services through modern software and technological infrastructure.”

Finally, Mr. Tropis noted that awareness campaigns are being carried out to promote a culture of responsibility among both beneficiaries and healthcare providers.