• Thu. Apr 25th, 2024

Rising Health Insurance Premiums in Switzerland: Are We Bracing for More to Come?

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 led to concerns about potential future premium increases. In 2024, premiums rose by an average of 8.7 percent and in the previous year saw a 6.6 percent increase. Both companies reported 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. Bern 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, exacerbated by potential rising personnel costs due to a shortage of skilled workers.

Several reasons have been cited for the increase in expenses for basic insurance. These include higher costs of medication, expenses for inpatient hospital treatment, expansion of benefits catalog in basic insurance, higher demands among population for better treatments, and incentives for “overtreatment” in system. Experts suggest various measures to address these issues and prevent imbalance in 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, 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 newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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