Universal Healthcare Insurance Agency revenues recorded over EGP 76 bln until end of February 2023: Egypt's finance minister

Sohaila Khaled, Thursday 4 May 2023

The Universal Healthcare Insurance Agency's (UHIA) revenues recorded over EGP 76 billion ($2.4 billion) with surpluses exceeding EGP 69.5 billion ($2.2 billion) since 2018 until the end of February 2023, including EGP 16.5 billion ($533 million) as investment returns, Minister of Finance and UHIA Head Mohamed Maait announced.

Minister of Finance head Mohamed Maait
Minister of Finance head Mohamed Maait


Egypt has an advanced strategy for safe investment in the UHIS which generates the highest returns while maintaining the system's necessary liquidity.

The UHIA paid EGP 3.9 billion ($125.9 million) as the value of the medical services extended to the system's beneficiaries, Minister of Finance and UHIA Head Mohamed Maait announced on Wednesday.

The figures are a positive indicator that show the state's ability to keep the required financial inflows into the system to ensure its successful continuation nationwide.

The actuarial studies are conducted every four years to ensure the system’s financial sustainability, Maait added.

According to the statement, the UHIS is now fully applied in the cities of Port Said, Luxor, and Ismailia, adding that pilot operation preparations are underway in South Sinai, Suez, and Aswan.

The UHIS will offer services to more than 100 million Egyptians in the coming years, Maait said, noting that this comes as part of government efforts to boost social protections and ease the impact of global economic challenges on citizens.

In July 2019, Egypt launched the first phase of the system in Port Said. The system witnessed some setbacks because of the pandemic outbreak, but it resumed on 23 July 2021 in Ismailia, south Sinai, Luxor, Aswan, and Suez.

Maait indicated that 83 percent of the population of Port Said, 81 percent of Luxor, and 72 percent of Ismailia were registered with the UHIS.

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