Insurance rates keep increasing

Rising Health Insurance Costs in Switzerland: Can the Country Avoid Future Increases?

In recent years, Swiss health insurance companies have reported significant increases in the costs of basic insurance. This has raised concerns about the potential for even higher health insurance premiums in the future. In 2024, premiums rose by an average of 8.7 percent and the previous year saw a 6.6 percent increase. Both companies, CSS and Helsana, 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 several factors, including rising personnel costs due to a shortage of skilled workers and increasing healthcare costs.

Experts have cited several reasons for the increase in expenses for basic insurance, including higher medication costs, expenses for inpatient hospital treatment, expansion of benefits catalogues, higher demands among the population for better treatments and incentives for “overtreatment” within the system. To address these issues and prevent an imbalance in the Swiss healthcare system, experts recommend reviewing benefit catalogues 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 franchises to increase patient contributions to medical costs. Additionally, experts suggest making service providers more responsible by utilizing flat rates per case for medical reimbursements.

By taking these steps, Switzerland may be able to control healthcare costs and prevent further increases in health insurance premiums.

In conclusion, Swiss health insurers have seen significant increases in the cost of basic insurance over recent years which has raised concerns about future premium increases. Experts believe that this trend may continue as they predict further significant increases will occur in coming years due to financial difficulties facing Switzerland’s healthcare system caused by rising personnel costs and increasing healthcare costs among other factors.

To address these issues experts have recommended various measures such as reviewing benefit catalogues of basic insurance plans and implementing Health Technology Assessments (HTA) to check costs among others.

If implemented correctly these measures could help control healthcare costs preventing further increases in health insurance premiums while also ensuring that patients receive quality care services they need without any unnecessary treatments or procedures that could raise their medical bills unnecessarily.

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