• Mon. Apr 22nd, 2024

Health Insurance Costs on the Rise in Switzerland: What Lies Ahead for Future Premium Increases?

BySamantha Nguyen

Apr 2, 2024
Insurance rates keep increasing

In Switzerland, two of the largest health insurance companies, CSS and Helsana, have reported significant increases in the costs of basic insurance. This has raised concerns about potential future increases in health insurance premiums. In 2024, premiums rose by an average of 8.7 percent and the previous year saw a 6.6 percent increase. Both companies incurred losses on basic insurance in 2023, with CSS reporting 181 million francs in losses and Helsana reporting 220 million francs.

The rising costs of basic insurance may be a sign of things to come rather than just a temporary effect from the corona pandemic. Health economist Heinz Locher warns that the Swiss population should prepare for further significant increases in health insurance premiums in the coming years. The healthcare system in Switzerland is facing financial difficulties due to rising personnel costs due to a shortage of skilled workers.

Several reasons have been cited for the increase in expenses for basic insurance, including higher costs of medication, expenses for inpatient hospital treatment, expansion of benefits catalog, higher demand for better treatments and incentives for “overtreatment” in the system. Experts suggest various measures to address these issues and prevent an imbalance in the Swiss healthcare system such as reviewing benefits catalog of basic insurance, implementing Health Technology Assessments (HTA) to check costs, using indication boards for multidisciplinary advice on medical procedures, promoting “Smarter Medicine” initiatives to avoid unnecessary treatments and adjusting franchise to increase patient contributions to medical costs. Additionally experts recommend making service providers more responsible by utilizing flat rates per case for medical reimbursements. By taking these steps, the Swiss healthcare system may be able to control costs and prevent further increases in health insurance premiums

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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