HomeEconomyProfits from supplementary health insurance have fallen by more than 90% in...

Profits from supplementary health insurance have fallen by more than 90% in 2021

The surpluses of complementary health insurance have contracted by more than 90% in 2021, after having been inflated by the lower use of care at the beginning of the health crisis.

Inflated at the beginning of the health crisis due to the lower use of care, the surpluses of complementary health insurance have melted by more than 90%, to 49 million euros in 2021, according to a report published this Friday. The Covid also hit the accounts of the complementary health insurance. After a year 2020 marked by a double drop in contributions and benefits, resulting in a record surplus of 637 million, the year 2021 was that of the “backlash”, indicates the DREES in its annual report on the sector.

“Catch-Up Effect”

The statistics service of the social ministries reports a 3.1% rise in contributions, with 39.4 billion euros collected, while reimbursements have skyrocketed, with an increase of 6.1% to 31.6 billion linked to “a catch-up effect (…) in the consumption of medical care and goods”. After discounting 20% ​​of “management expenses”, assiduously criticized by consumer associations, the 417 organizations in the sector have generated a ” almost zero technical result” of 49 million euros, “the lowest since 2011”, date of the first DREES studies on the subject.

In an increasingly concentrated market – four times fewer players in 20 years – insurance companies have often done well, with 143 million in profits and a growing market share (36% of premiums), while mutuals (47%) and pension institutions (17%) registered overall loss results.

Author: J.Br. with AFP
Source: BFM TV

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