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HIF Income that has been received

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WQ.181/2025

WRITTEN QUESTION TO THE MINISTER FOR SOCIAL SECURITY BY DEPUTY M.B. ANDREWS OF ST. HELIER NORTH

QUESTION SUBMITTED ON MONDAY 28th APRIL 2025 ANSWER TO BE TABLED ON TUESDAY 6th MAY 2025

Question

"In relation to the Health Insurance Fund, will the Minister provide details of the following –

  1. the amount of income that has been received into the Fund for each of the last five years;
  2. the amount of expenditure that the Fund has incurred for each of the last five years;
  3. the projected value of the Fund for the next five years; and
  4. the actions, if any, that are either being taken or considered to limit any reduction in the value of the fund?"

Answer

  1. the amount of income that has been received into the Fund for each of the last five years:

 

£000s

2020

2021

2022

2023

2024

Total Revenue

40,363

41,192

37,933

56,442

56,116

Source: Annual Report and Accounts for the States of Jersey (Draft for 2024)

  1. the amount of expenditure that the Fund has incurred for each of the last five years:

 

£000s

2020

2021

2022

2023

2024

Total Expenditure

34,800

37,225

38,772

49,338

57,345

Source: Annual Report and Accounts for the States of Jersey (Draft for 2024)

  1. the projected value of the Fund for the next five years:

 

£000s

2024

2025

2026

2027

2028

Closing Value of Fund

103,927

93,998

85,038

76,274

67,375

Source: Budget 2025 to 2028 (Government Plan)

  1. the actions, if any, that are either being taken or considered to limit any reduction in the value of the fund?"

The Budget 2025- 2028 identifies the anticipated fall in the value of the Fund in coming years and on Page 83 Ministers set out their position in addressing the increased costs of primary care support:

The value of the fund is expected to fall to just under £70 million by 2028. This represents just over one year's worth of expenditure.

The ageing demographic is increasing the cost of health services in the Island, including the costs met by the fund. These pressures will continue to increase in coming years. Changes will be needed to pay for future healthcare costs in a sustainable way.

The Health and Social Services Minister is continuing to review the Island's health and care costs, with options for the future funding of our whole health and care system being developed. These options will include possible reform of the Health Insurance Fund but, in the meantime, the current role of the Health Insurance Fund in subsidising the cost of specific primary care services will be maintained.