Profits/Loses of Health Insurance Companies
Commentary | Contents |
The number of active units operating in the area of health insurance was the same in the second quarter of 2003 as in the corresponding quarter of 2002 - there were a total of nine health insurance companies operating in the CR. Accrual-based insurance premiums (excluding insurance premiums paid by the state, including contractual insurance premiums) are a key part of the yields of health insurance companies. In the second quarter of 2003 they stood at 28.5 billion CZK and were 4.3 % up on the corresponding period of 2002.
Accrual-based insurance premiums for the first half of 2003 amounted to CZK 54.5 billion and rose by 3.8% on the corresponding period of the previous year. However, these accrual-based insurance premiums measured do not show actual revenues, which are lower by the premiums unpaid. The actual revenues of the health insurance companies (i.e., collected premiums including premiums paid by the state for the insured for whom the state is the insurance premium payer) totalled 72.9 billion CZK in the first half of 2003, which translates into an increase of 10.4 % on 66.1 billion CZK in the corresponding period of 2002 (source: the Ministry of Health of the CR, from the results of the first to sixth redistribution of premiums to general health insurance in the years 2003 and 2002). Incomes of health insurance companies for this period cannot be compared due to a Q1 2003 change in the frequency of the payment for insured persons made by the state. The change involved a once-only returnable financial assistance amounting to CZK 2.7 billion, the so-called advanced payment, from the state budget (in accordance with Act No. 592/1992 Coll., Article 12(2)). The amount will be paid back in the fourth quarter of 2003. Without this amount, the income from premium collection, including payments by the state, would have risen by 6.3 % year-on-year.
In the second quarter of 2003, costs of health care (including contractual health insurance) accounted for 94 % of the total costs of health insurance companies. They rose by 4.5 % year-on-year.
In the second quarter of 2003, there were a total of 7 085 (f/t equivalent) persons employed in the health insurance companies -– a rise of 1.7 % year-on-year (6 969 persons). The average monthly wage (calculated from wages excl. other personnel expenses and from the above numbers of employed persons) was 22 576 CZK, growing by 2.7 % year-on-year.
In the second quarter of 2003, the health insurance companies acquired intangible and tangible (incl. land) fixed assets worth 53.4 million CZK and 94.8 million CZK, respectively.
The balance sum (the sum of assets or liabilities) of the health insurance companies amounted to 47 billion CZK at the end of the second quarter of 2003, increasing by 0.7 billion CZK year-on-year. The acquisition value of intangible and tangible fixed assets (depreciated) – net in the assets of the health insurance companies decreased by 82 million CZK.