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Medical inflation and increase of international private medical insurances’ premiums

Medical inflation and international private medical insurance’s premiums

Medical inflation: every year and in all countries, the cost of medical expenses will change / increase. In patient, out patient, vision and dental benefits will be reviewed by hospitals, GP, specialists to take into account inflation but also new technologies, capabilities and tools.

Therefore and for the same amount of claims, the Insurance Company will request from its members more premium in order to be able to maintain the ratio between premiums and reimbursed claims. You can find here after some downloadable reports which should help you getting into details on the matter:

 

Download and read reports on medical inflation

mutuelle internationale=>  2018 TW report – 2018 AH report

mutuelle internationale=>  2017 TW report – 2017 AH report

mutuelle internationale=>  2016 TW report

mutuelle internationale=>  2015 TW report

mutuelle internationale=>  2014 TW report

mutuelle internationale=>  2013 TW report

 

Medical inflation – Global Medical Trends by Region (extrait)

Gross
2015 2016 2017 2018 2019 2020
Asia Pacific 7,10% 7,70% 8,60%
Europe 5,00% 4,30% 4,50%
Latin America 12,5% 12,40% 11,50%
Middle East / Africa 9,00% 9,00% 9,80%
North America 8,40% 8,20% 8,60%
Global 7,50% 7,30% 7,80% 7,20%

 

Gross
2009 2010 2011 2012 2013 2014
Asia Pacific 9,90% 9,60% 10,10% 8,40% 8,80% 7,30%
Europe 9,40% 9,00% 8,50% 5,30% 5,20% 5,30%
Latin America 11,60% 10,00% 10,40% 9,10% 9,10% 10,60%
Middle East / Africa 10,90% 9,80% 10,70% 8,80% 9,80% 10,30%
North America 10,80% 12,10% 11,40% 5,50% 4,20% 4,50%
Global 10,20% 9,60% 9,80% 7,70% 7,90% 7,50%


The best way to limit the increase of premiums is to do cost containment. To do so, you can challenge hospitals / GP / specialists… compare prices and opt for customary and reasonable costs each time you need cares.

 

medical inflation

Please pay attention to the local regulation

Please note that subscribing to an international health insurance does not free you from the local regulations. If you are eligible to contribute to the local healthcare system in certain countries and do not have local cover in place, you may be subject to paying a tax levy