“Massive Hole” In Hungary’s Health-Care Budget

  • 18 Aug 2014 9:00 AM
“Massive Hole” In Hungary’s Health-Care Budget
A hole in Hungary’s health-care budget amounts to 400-500 billion forints (EUR 1.27-1.6bn) a year, the head of the Hungarian Hospital Association told Friday’s Népszava daily in an interview.

György Velkey said the under financing of Hungarian health care can only be remedied by apportioning a greater slice of public spending to the system.

Back in the mid-1990s, Hungary spent 6.1% of its economic output on health care, and this put the country at the top of the group of countries with a similar ratio of health-care spending, including the Czech Republic, Slovenia, Belgium, Britain and Switzerland.

Now it has fallen to below 5% of GDP, while the Czech Republic and Slovenia have bumped it up to 6.4-6.5%. In Switzerland and Britain 7-8% of GDP is now spent on health care, he added.

Source www.hungarymatters.hu

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