Lee Gae-ho “National Health Insurance Service Must Establish Reserve Fund Management Strategy”

Last Year's Return Rate 5.0%... Low Compared to Other Institutions
"Need to Establish Strict Performance Evaluation and Compensation System"

Lee Gae-ho 의원

Lee Gae-ho, a member of the Democratic Party of Korea (representing Damyang, Hampyeong, Yeonggwang, and Jangseong), pointed out the need to improve the management of the National Health Insurance reserves during the National Assembly audit of the National Health Insurance Service held on the 16th.

The National Health Insurance Service manages reserves to ensure the financial stability of health insurance and long-term care insurance in accordance with the National Health Insurance Act. As of 2023, the accumulated reserves amount to 27.9977 trillion KRW for health insurance and 4.1699 trillion KRW for long-term care insurance.

However, the return on investment for health insurance reserves is 5.0%, and for long-term care insurance, it is 4.21%, which is significantly lower compared to the National Pension Service (13.59%) and the Government Employees Pension Service (11.05%).

Rep. Lee questioned that although many personnel in the reserve management department hold financial certifications, their lack of practical asset management experience is hindering performance.

He stated, “Although the asset management department appears to have many experts on the surface, inexperienced new employees are assigned to actual management positions, and the focus is only on risk management. To resolve these structural issues, it is necessary to clearly establish the goals and performance standards of asset management and reorganize personnel to achieve them.”

In the case of the National Pension Service, performance is evaluated through benchmark comparisons and improvements in risk management, which play a crucial role in enhancing management outcomes.

Rep. Lee emphasized, “Efforts must be actively made to devise long-term measures to improve returns. By improving the strict performance evaluation and reward system within the Service, an environment should be created where employees can focus more efficiently on their work.”

This content was produced with the assistance of AI translation services.