Previous post Next post

Swiss fact: health insurance premiums cover only 37percent of Swiss healthcare costs

Figures published in 2017 show that only 37% of Swiss healthcare costs were covered by basic compulsory health insurance premiums.

Switzerland

© 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.

Full story here
About Le News
Le News
The newspaper Le News is a free, quality, local English language newspaper launched on 31 October 2013. Le News fills a gap in local Swiss media for the numerous English-speakers living and visiting Switzerland. In late January 2015 we decided to put our print medium on hold and focus on our digital media presence.
Previous post See more for 3.) Investec Next post
Tags: ,,,,,,,

Permanent link to this article: https://snbchf.com/2018/01/news-swiss-insurance-premiums-37-swiss-healthcare/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.