April 20, 2024 1:16 am
Insurance rates keep increasing

In 2024, both CSS and Helsana, two of the largest Swiss health insurance companies, reported significant increases in the costs of basic insurance. The average increase in premiums was 8.7 percent and 6.6 percent respectively. Both companies incurred losses on basic insurance in 2023, with CSS reporting 181 million francs in losses and Helsana reporting 220 million francs.

This has raised concerns about the potential for even higher health insurance premiums in the future. Experts believe that the rising costs of basic insurance may be a sign of things to come rather than just a temporary effect from the corona pandemic. Bern health economist Heinz Locher warns that the Swiss population should prepare for further significant increases in health insurance premiums in the coming years as healthcare costs continue to rise due to personnel shortages, higher demand for treatments, and incentives for overtreatment within the system.

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 in basic insurance, higher demand among population for better treatments and incentives for overtreatment within the system. To address these issues and prevent an imbalance within Swiss healthcare system experts recommend reviewing benefits catalog of basic insurance, implementing Health Technology Assessments (HTA) to check costs, using indication boards for multidisciplinary advice on medical procedures and promoting Smarter Medicine initiatives to avoid unnecessary treatments. Additionally they suggest adjusting franchise to increase patient contributions to medical costs and making service providers more responsible by utilizing flat rates per case for medical reimbursements.

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