Published On: Tue, Oct 28th, 2014

Deficit BVZ fund increases

Jose JardimWILLEMSTAD – If nothing is done to the basic health insurance (BZV) fund, there will be a deficit of 48 million guilders by the end of this year. Initially, only a deficit of 17 million was taken into account, according to the Minister of Finance, Dr. Jose Jardim. “The situation is much worse than we had expected,” said his colleague of Health, Minister Bernard 'Ben' Whiteman.

Jardim stressed, during his intervention in parliament that the government is already working on steps to reduce the expenditures of the BZV fund, but indicated that these measures will only be felt in 2015. These measures are not based on increasing the BVZ premium, according to the Finance Minister.

The Finance Minister suggested that the reparation law adopted by parliament is not a structural solution to the deficit of the funds. It should be seen as a relief to pensioners, who have to pay, as proposed, 6.5 percent instead of 10 percent BVZ premium and to meet the desire of the community to ad eyeglasses and dental care in the basic health insurance package for the less fortunate and young people under eighteen.

Whiteman reported in turn that further action is not seen as a solution for health care. The solution lies in economic growth, attracting more investments and creating more jobs. “The key to the economic grow is trust. Therefore, it is important that everyone work together, and that all noses are pointed in the same direction.”

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