MP: Medical insurance to become widespread in armenia in next five or ten years

YEREVAN, June 28. /ARKA/. Ara Babloyan, head of Armenian National Assembly’s healthcare, maternity and childhood committee, speaking Thursday at a news conference, said the number of Armenians who will by medical insurances is supposed to grow dramatically in the next five or ten years.

“The first stage started with obligatory insurance of public and civil servants,” he said. “The second stage will be compulsory insuring of private sector’s employees. This is a stage-to-stage process that will take from five to ten years.

In January 2012, the Armenian government introduced a package of social benefits for about 120,000 public and civil servants. One of its components is mandatory medical insurance.

“This particular case shows that the government is ahead of the private sector, Babloyan said. “I think there is no doubt that medical insurance institution has justified itself all over the world.”
He stressed that medical services should be available to all categories of people.

In response to a question whether state-paid medical services will no longer be provided after introduction of medical insurance institution, the lawmaker said that the government should pay for treatment of chronic diseases only.

Babloyan also said that appropriate legislative changes should become the next step of the government.

The cost of annual social benefits for a servant is AMD 132,000, of which 52,000 is to be paid as health insurance. ($1 – AMD 417.61). -0––

spot_img

POPULAR

Head of Central Bank discusses the future of banks, the digital dram, and whether public debt allows one to sleep peacefully at night

The Chairman of the Central Bank of Armenia, Martin Galstyan, was a speaker on the Rearrange podcast. The conversation covered a variety of topics, including the prospects of the banking system, the possibility of introducing a digital currency in Armenia, and the topic of public debt.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

Customer Appreciation Day in Gyumri: IDBank

This time, IDBank’s Customer Appreciation Day, filled with surprises and gratitude, was held at the Bank’s Gyumri branch. Bringing this now traditional event to the regions is part of the Bank’s commitment to staying closer to its customers.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 25-31) 

The week in Armenia's financial market was influenced by the Central Bank's signals on financial stability, credit risks, and banking sector profitability. Capital market development and client protection issues were also in focus.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img