Profits/Loses of Health Insurance Companies
Commentary | Contents |
Brief analytical comments
The number of active units operating in the area of health insurance was the same in the third 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 27.9 billion CZK and were 3.5 % up on the corresponding period of 2002.
Accrual-based insurance premiums for the first to third quarters of 2003 amounted to CZK 82.6 billion and rose by 4.0 % 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 107.3 billion CZK in the first to third quarters of 2003, which translates into an increase of 7.4 % on 99.9 billion CZK in the corresponding period of 2002 (source: the Ministry of Health of the CR, from the results of the first to ninth 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 first half of the repayment (CZK 1.35 billion) of the resources provided in this way was made in the third quarter of 2003 and the remaining amount will be repaid in December 2003. Over the three quarters of 2003 the incomes (collected premiums) in the public health insurance system grew after redistribution by 6.1 % (the effect of the advanced payment is neglected).
In the third quarter of 2003, costs of health care (including contractual health insurance) accounted for 93.6 % of the total costs of health insurance companies. They rose by 5.0 % year-on-year.
In the third quarter of 2003, there were a total of 7 110 (f/t equivalent) persons employed in the health insurance companies -– a rise of 1.9 % year-on-year (6 977 persons). The average monthly wage (calculated from wages excl. other personnel expenses and from the above numbers of employed persons) was 18 579 CZK, growing by 3.9 % year-on-year.
In the third quarter of 2003, the health insurance companies acquired intangible and tangible (incl. land) fixed assets worth 59.3 million CZK and 46.5 million CZK, respectively.
The balance sum (the sum of assets or liabilities) of the health insurance companies amounted to 47,6 billion CZK at the end of the third quarter of 2003, increasing by 1.0 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 140 million CZK.