An initiative proposed by Switzerland’s Centre Party looks set to move to the next phase after government counter proposals were rejected this week, reported SRF. The cost of Switzerland’s compulsory health insurance will rise by 8.7% next year, something that has pushed the issue to the top of voters’ list of concerns – in a […]
Swiss inflation turns negative in September
Switzerland’s consumer price index (CPI) changed by -0.1% in September 2023 compared with the previous month, and year-on-year inflation was +1.7%, a rate below the Swiss National Bank’s (SNB) target maximum rate of 2.0%, reported Switzerland’s Federal Statistical Office (FSO). The 0.1% fall compared with the previous month was due to several factors, wrote FSO. […]
More than 90 members of Swiss parliament defending healthcare
After the United States, Switzerland has the world’s second most costly healthcare. Cost-saving reforms put forward by the health minister over many years have yielded little. Last week, average compulsory health insurance premiums rose the most in more than a decade. This week, an investigation by the newspaper SonntagsZeitung (NZZ), revealed 90 parliamentarians working as […]
Swiss health insurance premiums set to rise most since 2010
Health insurance premiums will rise by 8.7% on average in 2024, announced the authorities this week. This is the sharpest rise since 2010 when they rose by 8.6%. The average monthly premium across Switzerland in 2024 will be CHF 359.50. Health Minister Alain Berset and Federal Office of Public Health (FOPH) director Anne Lévy announced the […]
Swiss government adjusts tenancy laws in favour of landlords
On 18 September 2023, the Council of States, Switzerland’s upper house, followed parliament in passing changes to Swiss tenancy laws that make life easier for landlords, reported parlament.ch. Two changes reduce tenants ability to sublet and make it easier for landlords to end rental contracts. Supported by 25 versus 11, the upper house passed a […]
Swiss government’s generics push could cut 250 million from health bill
Many drugs come in two forms: expensive branded drugs and cheaper generic copies. Switzerland’s Federal Council hopes a shift to cheaper generic and bio-similar medicines can shave CHF 250 million from Switzerland’s rapidly rising cost of healthcare, reported SRF. New rules on medicine choices and health insurance were already set to come into force on […]
Swiss inflation remains stable in August
Switzerland’s consumer price index (CPI) increased by 0.2% in August 2023 compared with the previous month, an annualised rate of 2.4%. However, year-on-year inflation was +1.6% compared with the same month of the previous year, below the Swiss National Bank’s (SNB) targeted maximum rate of 2.0%, reported Switzerland’s Federal Statistical Office (FSO). The 0.2% increase […]
Swiss economy stalls in second quarter of 2023
Switzerland’s economy failed to expand in the second quarter of 2023, recording zero growth, according to data from the State Secretariat for Economic Affairs (SECO). In addition, economists are now lowering their growth forecasts for the year, reported SRF. The economic slowdown is being driven by a number of economic headwinds. Slowing economies in Germany […]
Swiss unions demands 4% pay hike
The Swiss union association Travail.Suisse is demanding salary increases of between 3.5% and 4.5%, depending on the sector, for all workers reported RTS. The organisation argues that the demanded hike is justified as a way to keep salaries aligned with cost of living increases and rising productivity. It says that costs such as healthcare and […]
Swiss electricity company says it is not responsible for further planned price hikes in 2024
Christian Petit, the head of Romande Energie told RTS that the company is not responsible for impeding hikes in the price of electricity. The largest electricity provider in French-speaking Switzerland plans to raise electricity prices further in 2024 after roughly doubling prices in 2023. However, its boss argues the electricity company is not to blame […]
