The Greek Competition Commission (ΕΑ) has released a comprehensive final report focusing on the provision of private health services and related insurance services. This report sheds light on the competitive landscape and regulatory framework governing this sector, emphasizing the importance of stakeholder engagement, including consumers and businesses.

One of the key findings of the report is the significant increase in demand for health services over the past five years, which has placed considerable pressure on the public health system. Currently, households are responsible for a substantial portion of health expenses, with 34% of total costs paid directly by them, while private insurance only covers 4.3% of these expenses. This growing demand underscores the need for a more robust private health service sector.

The report also notes that the market exhibits moderate concentration, with foreign investments not significantly altering the competitive landscape from 2019 to 2022. There is ongoing activity in the acquisition of healthcare providers by insurance companies, which raises potential antitrust concerns. Regulatory challenges are highlighted, particularly the existence of three different licensing regimes for private clinics, which can lead to competitive distortions and inconsistencies in standards.

For competition law advisors, the findings indicate a dynamic market with opportunities for new entrants, but also emphasize the importance of understanding the relationships between insurers, management companies, and healthcare providers. The report suggests that vertical integration among insurance companies may lead to issues such as patient steering, which is currently under scrutiny by competition authorities.

Moreover, the report discusses the rising costs of private health services and insurance, making it increasingly difficult for insured individuals to predict their expenses. Factors contributing to these rising costs include increased service volume, aging populations, and higher hospital care costs. The lack of transparency in pricing further complicates the situation, making it challenging for consumers to compare services effectively.

In conclusion, the Competition Commission's report aims to inform stakeholders and promote policies that enhance competition in the healthcare sector. It stresses the need for a suitable regulatory framework that encourages innovation while ensuring fair competition. Competition law advisors are urged to monitor these developments closely and guide their clients in navigating the evolving landscape of private health services and insurance in Greece.