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Health insurers are hoarding cash

Local News // Nov. 2, 2016
Health insurers are hoarding cash

A Swiss magazine has found a surplus on the reserves of health insurance companies that are significantly higher than required by the Federal Office of Public Health (BAG).

The findings by ‘Good to know' comes as people working in Switzerland are deciding whether to change health insurer to one with a higher base insurance premiums.

The magazine says 49 of the 63 insurers have much higher reserves and have earned 1.9 billion francs more than the minimum required.

For example, Concordia has 483.8 million francs of excess reserves, Visana has 459.7 million, Helsana has 27.4m, Swica is at 100.6 million and Intras has 76.5 million.

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