Cyprus Mail
Cyprus Health

Gesy cost €780m to run last year, revenues came to €840m

Revenue from contributions to the health system Gesy amounted to €840 million in 2020, a senior official told the Cyprus News Agency on Sunday.

Angelos Tropis, an official with the Health Insurance Organisations (HIO) said expenses for running Gesy in 2020 came to approximately €780m.

The cost of inpatient care, which came into force in June 2020, he said, was €175m.

There are around 855,000 beneficiaries of Gesy.

“In the [next] three years when the economy is expected to fully recover from the effects of the pandemic, the fund would appear to be viable,” he said.

This year, Tropis said, expenditure for the health service amounted, in the first two months, to €195m but he could not say what the revenues were because there is a two-month delay in the collection of data.

The cost of inpatient care in the first two months of 2021 amounted to €88 million.

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