Tax & Finance

#2008-1330Law on Financing Social Security for 2009

🇫🇷France··Other·High Impact·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

This law outlines measures for addressing deficits and allocating surpluses observed in 2007 within France's social security system. It affects funding and financial management strategies for various social security branches and funds, aiming for equilibrium by 2012 without increasing mandatory contributions. The focus is on efficient spending and securing financial resources, partially through short-term borrowing and restructuring of financial responsibilities across social security branches.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • Deficit management through borrowing
  • Reallocation of resources within social security
  • Focus on efficient expenditure without increasing contributions

Obligations

What this law requires

high

Achieve financial equilibrium for the general social security regime by 2012 without increasing mandatory contribution rates

French social security system (ACOSS, CNAVTS, and all régime général branches)
operational
high

Maintain the national health insurance spending objective (Objectif national de dépenses d'assurance maladie) at no more than 3.3% annual growth in value for the period 2009-2012

Health insurance branches and organisms financing mandatory health insurance
operational
high

Transfer pension increase payments for children (majorations de pensions pour enfants) totaling 1.8 billion euros from the Fonds de solidarité vieillesse (FSV) to the Family branch by 2011

FSV and Family branch (Branche Famille)
operational
high

Cover the 2007 general regime deficit of 9.5 billion euros through short-term treasury borrowing by ACOSS within the 28 billion euro ceiling established by the 2007 social security financing law

ACOSS (Agence centrale des organismes de sécurité sociale)
operational
medium

Implement spending control measures across outpatient care expenses, specifically targeting high-growth items including pharmaceuticals and medical devices with complementary organization participation

Health insurance branches and healthcare providers
operational

Affected Parties

French social security branchesCentral agency managing social security funds

Tags

social security,public finance,deficit management