THE VOLUNTARY HEALTH INSURANCE IN BULGARIA - HISTORY, DEVELOPMENT AND CHANGES
Natalia M. Shtereva-Nikolova, Nikolay A. Popov, Tsvetelina M. Petrova-Gotova
Pages: 341-345 Published: 29 Aug 2014
Views: 2,413 Downloads: 673
Abstract: The aim of this article is to show the history and development of the Voluntary Health Insurance (VHI) in Bulgaria and the recent regulatory changes. During the investigated period (2003–2012) the market increases over seven times, the number of working and licensed VHI funds grew over three times. The regulatory changes in 2013 require re-licensing and higher capital, which reduced the number of the VHI companies. We analyze the changes in the market and how VHI funds succeed to meet the increased regulatory requirements and get a new license. The analysis includes following financial indexes of the VHI market – premium income, and the number of companies during the period.
Keywords: health insurance, voluntary health insurance, vhi