Impact of Covid-19 in Switzerland – Healthcare costs up 7.3% in 2021

Impact of Covid-19 in Switzerland – Healthcare costs up 7.3% in 2021
Impact of Covid-19 in Switzerland – Healthcare costs up 7.3% in 2021

Healthcare costs up 7.3% in 2021

According to forecasts from the Center for Economic Studies (KOF), this amount will reach 91 billion francs.

Posted today at 18:42

Health spending will increase by 7.3% in 2021 because of the pandemic, to reach 91 billion francs. The growth rate is expected to be lower in 2022 (1.3%) and 2023 (1.2%), according to forecasts from the Center d’études conjoncturelles (KOF) of the EPFZ established in partnership with Comparis.

The evolution for 2022 and 2023 will be determined “in a non-negligible way by the past and expected evolution of the pandemic,” KOF said on Monday. The expected average annual increase is 3.2% for these two years. It had been 3% between 2010 and 2019 and 4% between 2000 and 2009.

In 2019, health costs amounted to 82.5 billion francs, up 2.8% compared to the previous year, according to the Federal Office of Public Health (OFSP). In 2020, according to KOF figures, they reached 84.8 billion francs, an increase of 2.9% compared to 2019. They are expected to stand at 92.3 billion in 2022 and 93.4 billion in 2022. .

12.3% of GDP for health in 2021

The ratio of health spending to gross domestic product (GDP) is expected to increase further this year, from 12% to 12.3%, according to KOF. It should then decrease slightly in 2022 (12%) and 2023 (11.8%). Here too, the figures will depend on the evolution of the pandemic.

The KOF finds that in 2020 and especially in 2021, the pandemic resulted in state contributions “very high in historical comparison”. This situation is explained by “the rapid decision of the Federal Council to bear the costs of a large part of the Covid-19 screening tests as well as the supply of the population with vaccines”.

Household health expenditure should also increase in 2021. The costs of Covid-19 tests, which are not covered by the Confederation, should be largely responsible, underlines the KOF. The costs of tests paid by individuals are expected to fall in the years to come “if the pandemic does not bring new unpleasant surprises”.

No premium explosion

For its part, Comparis notes that the pandemic “has serious consequences on health spending, but it certainly does not lead to an explosion in basic insurance premiums”. Health insurance funds only cover part of the medical costs related to the coronavirus. They also have sufficient reserves.

In 2022, several funds will reduce their reserves. Policyholders will benefit from lower premiums. Comparis believes that this reduction in reserves is “too fast and too strong” and risks causing “a dizzying increase” in premiums in the following years due to the increase in costs.

ATS

Posted today at 18:42

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