Due to rising costs: Assura will make big losses in 2022

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Premium volume fell 2.5 percent last year to CHF 3.7 billion, as the health insurance company announced on Friday. Most, 3.4 billion, went into compulsory health insurance. In total, the group dealt with 915,000 customers at the end of the year. That’s 88,000 less than the previous year.

While premium income fell, welfare expenses rose slightly to CHF 2.7 billion. Benefits in basic insurance alone increased 3.7 percent. As a result, Assura reported a negative underwriting result of CHF 165 million. The minus has more than doubled compared to 2021.

“Assura leveraged its reserves to cover healthcare costs, as it did in 2021,” Assura boss Ruedi Bodenmann said in the statement. There was a deficit of CHF 143.6 million at the end of the income statement. In 2021, Assura reported a small profit of 12.4 million.

But what was missing in 2022 was returns on investment. Last year, they poured nearly 99 million into the health insurance company’s coffers. Also, in 2022, the complete replacement of the core IT system cost 37 million francs.

Assura underlines the sharp increase in general health costs in 2022 in the communique. The increase could not be offset by the premium volume. The law requires health insurers to calculate their premiums to cover costs.

Therefore, Assura “emphasizes” demands that this requirement be consistently complied with when the premium is approved by the authorities.

(SDA)

Source :Blick