Joint health insurance companies are worried about the growing expense spiral

Supplementary health insurance groups, jointly managed by employers and unions, expressed concerns on Friday over the worsening of their financial results due to the rising French healthcare spending. Marie-Laure Dreyfuss, the general delegate of CTIP, which represents these groups, pointed out the sharp increase in healthcare expenditure that is affecting both the groups and Health Insurance.

Despite efforts to address the situation, supplementary health insurance was unable to fully recover after the post-Covid surge in French healthcare spending in 2022. Medical fees accounted for half of the increase in joint supplementary health spending in 2023, with a notable rise in optics and dental care costs as well. However, the joint groups managed to remain profitable through their financial products, pension activities, and supplementary pensions, with a net profit of 624 million euros in 2023.

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