Switzerland's health care costs are rising again

Switzerland's compulsory health insurance premiums will rise by almost five percent for the next year. The Santésuisse reported that the cost to insurers had risen "excessively" in 2016 to CHF 31.5 billion. You can read the full article at The Local ch. This is becoming troublesome for some households, some families end up paying CHF 22,000 per year for the mandatory basic health insurance, which is more than 20 percent of their household income. Compulsory health insurance premiums came into force in 1996, since then the average yearly cost for the insurance premiums increased by 4.6 percent, which is much higher than inflation. In 1996 the average monthly health insurance invoice was CHF 173, in 2016 it was CHF 428. The full article can also be read at The Local ch

This problem isn't isolated to Switzerland, health care costs are rising everywhere. In the U.S. the health care costs in 2015 were $3.2 trillion or about 18 percent of the nations GDP, in comparison to the 1960s U.S. health care spending was only 5 percent of the GDP. The full article is available at the balance.

Mental health costs are especially on the rise, this has to do with the de-stigmatization of seeing a mental health professional, more awareness given to the topic in the media, and better access to mental health services. For the first time ever the University of Zurich researched the cost of mental health and discovered that mental disorders are among the most burdensome of all disease groups. The estimated cost of mental disorder in Switzerland is CHF 15 billion per year, that's CHF 2,000 per person living in the nation. If you want more information you can read the report at Swissinfo.

The reason for the high cost of mental health is because of the long duration of treatment.