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Lawmakers interrogate hike in insurance management costs

Update: May, 16/2018 - 07:00
Patients waiting to receive medicines at the pharmacy in Thốt Nốt District General Hospital in the southern city of Cần Thơ. Legislators asked the Government to pay more attention encouraging more people to join social, health and unemployment insurance annually — VNA/VNS Photo Dương Ngọc
Viet Nam News

HÀ NỘI — Strengthening supervision of social insurance funds is essential given the hike in management expenses in 2016 and 2017, legislators argued at the ongoing 24th session of the National Assembly Standing Committee in Hà Nội yesterday.

Lawmakers held that the management costs for social insurance funds was higher than that proposed by the Government in its 2015 plans for the 2016-2018 period.

Management costs rose 6.2 percent to VNĐ612 billion (US$26.7 million) in 2016 and 13 per cent to VNĐ1.38 trillion ($60.3 million) in 2017.

The figure is estimated to increase 21 percent to over VNĐ2.4 trillion ($104.8 million) in 2018.

Legislators asked the Government to pay more attention to ensuring the effective use of management expenses and encouraging more people to join social, health and unemployment insurance annually.

They agreed with the Government’s proposal to keep social insurance and unemployment insurance management spending rates at 2.15 per cent in 2019, 2.0 per cent in 2020 and 1.85 per cent in 2021.

Deputies recommended reducing expenditures in case of a failure to meet the estimates.

Vice Chairwoman of the National Assembly Tòng Thị Phóng urged relevant insurance agencies to increase communication campaigns on the implementation of social, unemployment and health insurance policies in addition to improving the management of insurance funds.

Lawmakers also reviewed the implementation of the resolution issued by the National Assembly Standing Committee in 2015 on the management costs of social and unemployment insurance in 2016-2018 and the transfer of State budget resources to social insurance funds. — VNS

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