Public Health Finance: A new French study using provisional accounts says public hospitals’ deficit is set to reach about 2.1% of revenue in 2025 (around €2.3 billion), up from 2.7% in 2024 (€2.9 billion). Hospital Costs & Staffing: Operating costs kept rising in 2025, with interest payments on loans still weighing on budgets, while staff wage cost growth slowed to +3.0% (about €1.9 billion) after +4.1% in 2024. Ségur Reform Impact: Despite investment grants under the Ségur healthcare reform, hospital investment fell to 4.8% of revenue in 2025 (€5.4 billion), down from 5.1% in 2024 (€5.5 billion). Local Relevance for Guadeloupe: For healthcare systems facing similar cost pressures, the report highlights how debt servicing and slower investment can strain care capacity even when reforms are underway.