President Moon: "Comments on Health Insurance Financial Deterioration and Mismanagement Are Made Without Full Understanding"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] President Moon Jae-in stated on the 25th that "the talk about health insurance financial deterioration or insolvency is made without proper understanding," emphasizing that the health insurance financial situation is favorable.

On the same day, President Moon announced via social network service (SNS), "Last year, the health insurance financial balance recorded a surplus of more than 2.8 trillion won, pushing the accumulated reserves beyond 20.2 trillion won."

President Moon said, "This amount is greater than when our government first took office," adding, "Despite significantly expanding expenditures by strongly promoting ‘strengthening health insurance coverage,’ also known as Moon Jae-in Care, which greatly reduces the medical expenses burden on the people, the health insurance financial situation has rather improved."

President Moon evaluated, "The accumulated reserves have doubled compared to the original plan, and the average premium increase rate was 2.7%, lower than planned, minimizing the burden on the people," further stating, "Especially meaningful is that even though 2.1 trillion won of health insurance funds were actively invested in quarantine and medical expenses such as COVID-19 isolation, treatment, diagnosis, and testing, the financial status has rather improved."

President Moon expressed gratitude to the public, saying, "Although expenditures were greatly expanded, the health insurance finances became stronger due to increased insurance premium income from the rise in health insurance subscribers and household income, but also because the number of patients visiting hospitals decreased as each citizen thoroughly managed hygiene during the COVID-19 situation."

He added, "The government will continue efforts to stably manage health insurance finances while reducing the medical expenses burden on the people," and said, "We will further strengthen health insurance coverage and ensure that health insurance finances are effectively utilized in response to Omicron."

This content was produced with the assistance of AI translation services.