Healthcare costs likely to rise more than expected
Published: Tuesday, Nov 7th 2023, 10:21
Updated At: Wednesday, Nov 8th 2023, 00:53
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Health expenditure in Switzerland is expected to grow by 4.1 percent in the current year. This is more than the KOF Swiss Economic Institute had assumed. The trend is likely to level off, but expenditure will continue to rise.
The KOF expects growth of 3.6 percent for 2024 and 3.2 percent for 2025, according to the forecast published on Tuesday. Last year, the research institute was still forecasting 0.5 percent lower growth for the coming years.
According to the KOF, the areas of prevention, administration and rehabilitation will see particularly strong increases. The study predicts below-average cost increases in long-term care and support services.
11.5 percent of gross domestic product
The KOF expects healthcare expenditure to amount to CHF 92 billion this year, rising to CHF 95.3 billion in 2024 and CHF 98.4 billion in 2025. In 2022, it was still CHF 88.4 billion.
Measured against gross domestic product, expenditure on healthcare is likely to average around 11.5% between 2022 and 2025. In the previous ten years, it was 10.9 percent, and less than 10 percent from 2002 to 2011.
The study on healthcare costs is compiled by KOF with a research contribution from the Comparis comparison service.
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