by Figures published in 2017 show that only 37% of Swiss healthcare costs were covered by basic compulsory health insurance premiums. © Ognjen Stevanovic | Dreamstime.com - Click to enlarge The remaining cost was covered by the government (20%), accident and social insurance (10%), private complementary health insurance (7%), charity (1%) and out-of-pocket spending by individuals (26%). Compulsory Swiss health insurance requires policy holders to pay 10% of the first CHF 7,000 of costs reimbursed 1. In addition, those with deductibles must cover 100% of their medical costs up to the deductible amount before their insurance kicks in. These payments are included in out-of-pocket spending in the chart above. Overall,
Topics:
Investec considers the following as important: Cost of Swiss healthcare, Editor's Choice, Featured, health, newslettersent, Personal finance, Swiss health insurance, Swiss health system, Swiss healthcare funding, Swiss Markets and News
This could be interesting, too:
Investec writes Swiss to vote on tenancy laws this weekend
Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21
Charles Hugh Smith writes How Do We Fix the Collapse of Quality?
Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI
Figures published in 2017 show that only 37% of Swiss healthcare costs were covered by basic compulsory health insurance premiums.
© Ognjen Stevanovic | Dreamstime.com - Click to enlarge
The remaining cost was covered by the government (20%), accident and social insurance (10%), private complementary health insurance (7%), charity (1%) and out-of-pocket spending by individuals (26%).
Compulsory Swiss health insurance requires policy holders to pay 10% of the first CHF 7,000 of costs reimbursed 1. In addition, those with deductibles must cover 100% of their medical costs up to the deductible amount before their insurance kicks in. These payments are included in out-of-pocket spending in the chart above.
Overall, households covered 62% of their healthcare costs. Federal (6%), cantonal (22%) and municipal (4%) governments, and companies (6%) covered the rest.
From 1990 to 2014, Swiss health care costs rose by around 150%. This is equivalent to an average compound annual rise of nearly 4%, a rate which outstripped annual compound GDP growth by roughly 2%.
All figures are for 2014.
Tags: Cost of Swiss healthcare,Editor's Choice,Featured,Health,newslettersent,Personal finance,Swiss health insurance,Swiss health system,Swiss healthcare funding