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Social Insurance Company takes gov't loan despite better collection rates

Social Insurance Company takes gov't loan despite better collection rates The Social Insurance Company (ZUS) took a zl. 490 million loan this month from the state budget to pay pensions and unemployment benefits daily Rzeczpospolita has learned. The budget law provides for a maximum of zl. 2 billion in loans for the year. According to the Finance Ministry, the higher than predicted financial support for the Social Insurance Fund is not worrisome. However, at the moment, the Ministry does not have enough information concerning premiums to be able to estimate the current financial situation properly. It is known that this year ZUS has performed better than last year in collecting premiums and consequently Patient Funds will receive about zl. 1 million more than predicted. ZUS estimates that during the first half of the year it collected about 5.8% more money from health insurance premiums than forecast. The extra money will go to financing prescription drugs and repaying last year's loan. (Rzeczpospolita, page B1, Zycie page 3)

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