by Since 1999, the cost of health insurance has more than doubled. Basic compulsory insurance is now 2.36 times what it was in 1999, while complimentary optional insurance is up by 30%. Overall, disposable income has been reduced by 5.3% by the rising cost of insurance over the last 25 years. Photo by Andrea Piacquadio on Pexels.comSix of the last 25 years had no negative impact on disposable, one had a positive impact and 18 reduced it. 2023, which was among the among the negative years, shaved 0.4% off the disposable income of an average Swiss family. As Switzerland’s population ages and health spending increases the government has struggled and largely failed to find any meaningful solutions to the issue. Significant sums are being spent on subsidising the premiums of those on low
Topics:
Investec considers the following as important: Editor's Choice, health, Personal finance, Swiss health insurance
This could be interesting, too:
Investec writes The global brands artificially inflating their prices on Swiss versions of their websites
Investec writes Swiss car insurance premiums going up in 2025
Investec writes The Swiss houses that must be demolished
Investec writes Swiss rent cuts possible following fall in reference rate
Since 1999, the cost of health insurance has more than doubled. Basic compulsory insurance is now 2.36 times what it was in 1999, while complimentary optional insurance is up by 30%. Overall, disposable income has been reduced by 5.3% by the rising cost of insurance over the last 25 years.
Six of the last 25 years had no negative impact on disposable, one had a positive impact and 18 reduced it. 2023, which was among the among the negative years, shaved 0.4% off the disposable income of an average Swiss family.
As Switzerland’s population ages and health spending increases the government has struggled and largely failed to find any meaningful solutions to the issue. Significant sums are being spent on subsidising the premiums of those on low incomes. However, those who fall outside definitions of low income continue to suffer spikes in blood pressure when premiums are announced for the coming year.
More on this:
Government press release (in French) – Take a 5 minute French test now
For more stories like this on Switzerland follow us on Facebook and Twitter.