Nicosia, Cyprus. HIO chairman Stavros Michael said on Monday that Gesy is not facing financial problems, following a meeting with Akel secretary-general Stefanos Stefanou in Nicosia. He said reserves remain above internationally recommended levels and rejected claims that the system’s sustainability is at risk.
Financial position and sustainability
Michael, whose organisation oversees the running of Gesy, said the system’s reserves remain above internationally recommended levels. He dismissed claims raised at a previous House committee meeting that Gesy’s sustainability is at risk, saying, “The issue of sustainability does not arise.” He added that the priority is improving oversight and long-term planning.
New control measures
Michael said new control measures are being introduced, including specialised data analysis software that will monitor billing and medical procedures in real time.
Akel concerns over planning and capacity
Stefanou reiterated Akel’s support for Gesy but expressed concern over the lack of a comprehensive capacity plan outlining Cyprus’ needs in hospital beds, services and infrastructure. He said that without clear planning, resources cannot be managed efficiently and patients may not receive timely, quality care, and called for the submission of a health map to guide future decisions.
Warning on private hospital acquisitions
Stefanou also warned about foreign investment groups acquiring private hospitals, saying dominant market positions could affect the system’s single-insurance character and equal access.
Shared view and next steps
Both sides agreed that Gesy is financially stable, but said stronger controls, better planning and safeguards are needed to ensure its proper functioning in the future.
What steps do you think are most important to strengthen oversight and long-term planning for Gesy?