| Research Activities |
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| Compensation cost indicators of long-term hospital insurance programmes for the years 2011-2020 |
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Category:
Microeconomic Analysis
SubCategory:
Health
Date: 10/11/2021 |
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| The scope of this study is to estimate indicators for monitoring the compensation cost of personal hospital insurance programmes. These indicators exclusively concern guaranteed renewable programmes. They measure the annual percentage changes of the average expenditure of the health insurance market as a whole. The study is based on data collected from 14 insurance companies for the period 2011-2020.
The analysis of the data shows that the loss incidence across the portfolio decreased to 15.8% in 2020, from 17.4% in 2019, as a result of the trend in avoiding or postponing planned hospitalisations due to the pandemic. Correspondingly, the average compensation cost increased to EUR 4.1k, up from EUR 3.7k in 2019, as treatment during the pandemic concentrated on more serious cases that could not be postponed. The change in these two parameters led to a moderate increase of 1.4% in the Single Health Index in 2020.
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