OECD: Czech health insurance companies’ operating costs lowest in Europe
The operating costs of Czech health insurance companies are the lowest in Europe, according to an OECD report released on Monday. Over the last 20 years, the costs decreased from 12 to 3.2 percent of the companies’ total expenses. The OECD list of insurance firms by their operational costs is topped by Germany where the expenses amount to 6.8 percent. Experts say that operating costs in the Czech Republic were driven down by competition among various health insurers. The country’s largest health insurance company, the VZP, has six million clients, followed by the Czech Interior Ministry’s insurer, with around 1.2 million clients.