Investor Presentation
ALDAGI
HEALTHCARE FINANCING MODEL
State (MOH)
GEL min
Corporate &
Individuals
Current setup
PHI
SIP
6 Insurance companies
participate in State
Insurance Programs
Insurance
companies
Insured (PHI)
UHP
State Healthcare expenditure
2011
2012
2013 2014F
State insurance program (SIP)
121
170
280
280
Universal healthcare program (UHP)
225
300
Other state expediture in healthcare
240
232
176
170
Total state healthcare expenditure 361
As % of total state expenditure
402
681
750
6.2% 5.8% 9.4% 9.7%
Service providers
Insured (UHP)
UHP Universal Healthcare Program
SIP State Insurance Program
PHI Private Health Insurance
MOH Ministry of Labor, Health &
Social Affairs of Georgia
Insured (State
Programs)
Source: Ministry of Finance | Aldagi estimate
Additional expenditure in healthcare through
UHP will increase healthcare expenditure
per capita due to increased purchasing
power of citizens
UHP 2.0 mln insured
SIP 2.0 mln insured
PHI 0.5 mln insured
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