Research Activities |
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Compensation cost indicators of long-term hospital insurance programmes for 2023 |
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Category:
Microeconomic Analysis
SubCategory:
Health
Date: 29/11/2024 |
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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 11 insurance companies, which manage 12 insurance portfolios, covering almost the total market for personal hospital insurance programmes with a guaranteed renewal.
The analysis of the data shows that the loss incidence across the whole portfolio increased to 19.5% in 2023, from 17.8% in 2022. Meanwhile, the average compensation cost increased to €4,563, from €4,375 in 2022. The change in these two parameters led to an increase of 14.6% in the Single Health Index (SHI) in 2023. Without the age effects, the SHI increased by 9.0%.
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