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Private Healthcare Fund Spending Shifts to Services

Analysis

Private healthcare fund expenditures have shifted away from medicines to private healthcare services in recent years, a report published by the National Bank of Hungary (MNB) on Monday shows.

Funds' expenditures on medicines reached an annual HUF 30 bln-32 bln in 2012-2015, accounting for around 55pc of total spending, but that amount started to fall from 2016 and now stands at HUF 22 bln-25 bln, the report shows.

While funds registered around 9 million payments for medicines a year in 2012-2013, that number dropped to 4 million in 2020-2022.

Parallel with that trend, funds' spending on private healthcare services rose from an annual HUF 10 bln-11 bln in 2012-2015 to more than HUF 19 bln in 2021 and to HUF 22 bln in 2022.

Funds' payouts now account for about one-third of all private healthcare financing in Hungary.

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