• Wed. Apr 17th, 2024

The Alarming Rise in Basic Insurance Costs: Swiss Health Insurance Companies Experience Losses and Warn of Future Premium Increases

BySamantha Jones

Apr 2, 2024
Insurance rates keep increasing

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

Healthcare 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. The healthcare system in Switzerland is facing financial difficulties due to rising personnel costs as a result of a shortage of skilled workers.

Several reasons have been cited for the increase in expenses for basic insurance, including higher medication costs, increased expenses for hospital treatment, expansion of benefits catalogs, higher demand for better treatments among the population, and incentives for “overtreatment” within the system. Experts suggest various measures to address these issues and prevent an imbalance in the Swiss healthcare system. Some suggestions include reviewing benefits catalogs of basic insurance policies, 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 amounts to increase patient contributions to medical costs. Additionally, experts recommend making service providers more accountable by utilizing flat rates per case for medical reimbursements. By taking these steps, Switzerland’s healthcare system may be able to control costs and prevent further increases in health insurance premiums.

The rising cost of basic insurance is not only affecting Switzerland but also many other countries worldwide due to several factors such as aging populations and advancements in medicine which have led to an increase in demand for healthcare services. It is therefore crucial that governments and stakeholders take proactive measures to address this issue before it leads to even more significant problems down the road.

In conclusion, while CSS and Helsana reported significant increases

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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