Health funds end 2011 with NIS 1.259 billion deficit

10.12.2012                      26.Kislew. 5773                      Channuka 2

Krankenkassen:

Health funds end 2011 with NIS 1.259 billion deficit

As a result of deficits, the 4 major funds have delayed payments to suppliers and taken out bank loans to keep functioning.

The four public health funds ended 2011 with a NIS 1.259 billion deficit, the Health Ministry reported on Sunday.
The main reason given for the red ink was the fact that the insurers did not sign “stability agreements” with the government covering 2011 to 2013; such agreements require the health funds to increase efficiency in return for allocations. Such agreements are usually signed every three years….