📋 Tender Overview
CZ concluded a unique and innovative contract in 2017 to help policyholders in The Hague with their own livelihoods. Think of debts poverty and health problems. A Social Hospital was started with a so-called Health Impact Bond in which health insurer CZ the Municipality of The Hague and the Institute for Public Values IPW worked together. A total of 136 households in The Hague were helped by IPW. In 2017 the municipality and CZ expected to contribute to both the quality of life of residents and the affordability of the welfare state. We succeeded. The majority of the participants indicated that they experienced a better quality of life and this resulted in cost savings of 3 million euros especially for the municipality of The Hague.CZ has pre-financed an amount to run the project. This has been used among other things to force breakthroughs in specific cases with which a future perspective can be created but also for research. Arno van Son of CZs Board of Directors As CZ we have stuck our necks out for this. It requires a different way of thinking because you invest to prevent worse suffering while we are used to paying for the care of these people. The results now show that pre-financing by a private party is not necessary. Municipalities can easily solve this in their own budget but for this there must be trust and proof that the method works. We made that possible with our pre-financing. Much of the money has already been repaid and the rest will follow shortly. Follow-up in 45 municipalitiesThe Amsterdam University of Applied Sciences has conducted research into the effect on the quality of life for the participating insured parties. Of the participants 81 percent indicate that their quality of life has improved and three quarters feel better mentally and or physically. The results are so positive that the project in The Hague will be continued and expanded. In addition the project has also inspired other municipalities to get started with a similar approach. In the coming year the IPW will have another 45 municipalities connect to their breakthrough method.
