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Tag Archives: Personal finance

Healthcare costs rise further in Switzerland

Statistics published today show a further rise in Swiss healthcare costs. © Aviahuismanphotography | Dreamstime.com - Click to enlarge In 2016, spending on healthcare rose by 3.8% reaching over CHF 80 billion, 12.2% of GDP. In 2015, Swiss healthcare spending was equal to 11.9% of GDP. The challenge of rising healthcare costs is not confined to Switzerland. In the UK in 2015, healthcare costs rose 3.6% to reach 9.9% of...

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Healthcare costs rise further in Switzerland

Statistics published today show a further rise in Swiss healthcare costs. © Aviahuismanphotography | Dreamstime.com In 2016, spending on healthcare rose by 3.8% reaching over CHF 80 billion, 12.2% of GDP. In 2015, Swiss healthcare spending was equal to 11.9% of GDP. The challenge of rising healthcare costs is not confined to Switzerland. In the UK in 2015, healthcare costs rose 3.6% to reach 9.9% of GDP. Switzerland has a system of compulsory private health insurance, however the government...

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Swiss unemployment at lowest in 3.5 years

Swiss unemployment is at its lowest for 3.5 years, according to the Swiss State Secretariat for Economic Affairs (SECO). © Gpointstudio | Dreamstime.com The last time Swiss unemployment reached March 2018’s level was in October 2014. After reaching a peak of 3.7% in January 2017, the rate had fallen to 2.9% by March 2018. Unemployment has some seasonality however the rate for last March (2.9%) is low even when compared to March 2016 (3.5%) and March 2017 (3.4%). As usual French-speaking...

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Insurance boss suggests Swiss health insurance deductibles of 10,000 francs

Philomena Colatrella, the CEO of Swiss insurer CSS Insurance, has stirred the lively debate around Switzerland’s rising cost of health insurance by proposing deductibles of CHF 5,000 and CHF 10,000 – deductibles set the amount people pay out of their own pockets before their insurance kicks in. CSS Versicherung_source Facebook Colatrella discussed the idea in an interview with Blick. The response to her comments was widely covered by Switzerland’s media, including by the broadcaster RTS....

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Insurance boss suggests Swiss health insurance deductibles of 10,000 francs

Philomena Colatrella, the CEO of Swiss insurer CSS Insurance, has stirred the lively debate around Switzerland’s rising cost of health insurance by proposing deductibles of CHF 5,000 and CHF 10,000 – deductibles set the amount people pay out of their own pockets before their insurance kicks in. - Click to enlarge Colatrella discussed the idea in an interview with Blick. The response to her comments was widely...

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Swiss welfare recipient made to repay 173,000 francs

In some parts of Switzerland welfare payments are effectively loans that must be repaid when the recipient’s financial situation improves. © PeJo29 | Dreamstime.com - Click to enlarge According to the Aargauer Zeitung, a welfare recipient in the commune of Klingnau in the canton of Aargau received a bill of 173,000 francs after he came into some money. A windfall of 173,000 francs is rare, according to Rolf Walker,...

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Swiss welfare recipient made to repay 173,000 francs

In some parts of Switzerland welfare payments are effectively loans that must be repaid when the recipient’s financial situation improves. © PeJo29 | Dreamstime.com According to the Aargauer Zeitung, a welfare recipient in the commune of Klingnau in the canton of Aargau received a bill of 173,000 francs after he came into some money. A windfall of 173,000 francs is rare, according to Rolf Walker, head of administration at the commune. Where the money came from in this case was not disclosed,...

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Poverty in Switzerland – most don’t stay poor for long

In 2016, 7.5% of Switzerland’s population survived on a income below the poverty line, defined as CHF 3,981 a month for a couple with two young children, CHF 3,039 for a couple without children and CHF 2,247 for a single person. © Inna Blanco | Dreamstime.com Among the 615,000 people encountering poverty in Switzerland in 2016, 140,000 were working. Over the four years up to and including 2016, 12.3% of Swiss residents experienced one or more periods of poverty. For most (7.7%) it lasted one...

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Food consumes far less of Swiss budgets than it did 25 years ago

Comparing the most recent statistics on Swiss consumer inflation to those in 1993 reveals a steep drop in the percentage of spending allocated to food. © Tero Vesalainen | Dreamstime.com - Click to enlarge When statisticians calculate consumer price rises they look at the prices of a standard basket of goods. In 1993, food and non-alcoholic beverages made up 14.3% of the value of this standard basket. By 2018, the...

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Food consumes far less of Swiss budgets than it did 25 years ago

Comparing the most recent statistics on Swiss consumer inflation to those in 1993 reveals a steep drop in the percentage of spending allocated to food. © Tero Vesalainen | Dreamstime.com When statisticians calculate consumer price rises they look at the prices of a standard basket of goods. In 1993, food and non-alcoholic beverages made up 14.3% of the value of this standard basket. By 2018, the percentage had fallen to 10.4%, a 27% drop. The chart below compares the percentages spent on food...

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