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GESY's Financial Sustainability Not at Risk, Says OAY President

Published February 16, 2026, 14:15
GESY's Financial Sustainability Not at Risk, Says OAY President

The President of the OAY, Stavros Michail, assured that the financial sustainability of the GESY (General Healthcare System) is not at risk, as it has reserves higher than international recommendations. He stated this after a meeting with the General Secretary of AKEL, Stefanos Stefanou. Mr. Michail emphasized the need for continuous monitoring and timely intervention, while highlighting the importance of improving the quality of healthcare through addressing abuses, incorporating innovative drugs, and rationalizing prices. Mr. Stefanou referred to the need for rational resource management and careful planning for the upgrading and strengthening of GESY in the future.