PASOK-Movement for Change (KINAL) tabled in Parliament a proposal on the price hikes for private health insurance contracts on Tuesday.

In statements ahead of the action, party leader Nikos Androulakis accused the government of allowing "excessive increases in health insurance" and said the price hikes affected over 1 million Greek citizens.

The party proposed that the rise in contracts should stop being linked to the Index of the Foundation for Economic & Industrial Research (IOBE) for 2024 and 2025. For 2024, contract prices should be based on the percentage of the in health compensation paid out by insurance companies in 2022. This would reduce the price hikes rate from 14% to 2.70%.

For 2025 on, pricing should be based on the Greek Consumer Price Index's sub-index of the previous year, plus one percentage point. This would raise contract pricing by around 3.5% instead of the 14.60% that insurance companies have announced, the party said.

The amendment was tabled as a rider to the Tourism ministry bill on short-term rentals. It is expected to come to plenary for debate on Thursday (Jan. 16).

In the introductory note, PASOK deputies noted, "Insurance companies demand continuously in recent years excessively raised insurance payments for health and hospitalization contracts. Many of the insured, being unable to respond to these price hikes, are forced to stop health insurance contracts they have paid for long term in order to have coverage at greater and more vulnerable ages."