[건보재정 위기]② 단기투자 줄이고 채권 늘렸다…자금운용 5년 성적표는

The National Health Insurance Corporation achieved consistent benchmark outperformance through a conservative, bond-centric investment strategy over five years, yet faces mounting pressure to improve returns as fiscal deficits loom. While shifting from short-term to long-term assets delivered stable results (3.27% return in 2025 vs 2.81% benchmark), returns remain significantly lower than other pension funds, raising questions about the adequacy of current strategy. The institution must balance its public mission—ensuring stable benefit payments—with fiscal sustainability, highlighting the strategic tension between profitability and social responsibility in public fund management.