President: Armenia to eventually change over to mandatory health insurance

YEREVAN, February 6. /ARKA/. Armenia should eventually adopt compulsory medical insurance, presidential candidate, current president Serzh Sargsyan said.

“It is a state policy meaning that we, after all, should come to compulsory medical insurance, as it is the surefire way to do it and we have no alternative”, Sargsyan said at his meeting with voters in Malatia-Sebastia administrative district.

Before changing over to compulsory health insurance, some improvements should be made in medical institutions.

Sargsyan stressed that social insurance funds should be used in an efficient manner, and insurance policies should help people solve their health problems when required.

The authorities plan to extend the list of social package beneficiaries before the switchover to mandatory insurance, Sargsyan said adding that the staff of the National Academy of Sciences has been included on the list this year.

The president mentioned that within four or five months the package will be valid also in pharmacies of Armenia for getting a 20-30% discount from the market price.

The social package was introduced for civil and public servants in culture, education and social security fields in Armenia in January 2012. Under the package, each employee is entitled to an annual of 132,000 drams. The package does not cover the reserve staff, employees with up to six months’ length of service, staffs working less than part-time and high ranking officials in technical support.

The aim of the social package is to increase work efficiency, reduce outflow of staff and help employees meet their social needs. A total of 18bln drams are earmarked for the package under the budget. ($1=405.79drams).–0–

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

LATEST NEWS

spot_imgspot_imgspot_img