According to the annual wealth report produced by Credit Suisse, Switzerland leads on wealth per adult with US$ 530,240, comfortably ahead of second-placed Australia where the figure is US$ 411,060. The US is third with US$ 403,060. During the twelve months to mid-2018, aggregate global wealth rose by US$ 14.0 trillion to US$ 317 trillion, […]
Investigating suspected welfare cheats – Swiss vote on where to draw the line
On 25 November 2018, Swiss will vote on whether to accept laws allowing detectives to uncover welfare fraud. Currently, there is nothing specific in Swiss law covering the practice. In the past, investigators have been used to gather evidence on disability and accident beneficiaries. Between 2009 and 2016, detectives were used on around 220 investigations […]
Cost of Swiss healthcare second highest in the world and rising
Swiss healthcare costs of 12.2% of GDP are the world’s second highest after the United States where healthcare consumes 17.1% of GDP, according to 2016 figures presented by the Federal Statistical Office on 18 October 2018. Switzerland spent CHF 80.5 billion on healthcare in 2016, the latest figures reveal. This comes out at around CHF […]
Swiss divorce rates continue to climb
In 2017, 15,906 couples in Switzerland got divorced after an average of 15.1 years together. The majority (56%) split before their 15th anniversary. In 2017, 40.5% of those married for more than 30 years were divorced, compared to 40.3% in 2016. Breaking up after 30 years of marriage has been rising since records began in […]
Swiss health insurance costs to rise further in 2019
More bad news for Swiss household budgets was released today for residents of all but three Swiss cantons. Health insurance premiums in 2019 will be on average 1.2% higher than in 2018 across Switzerland as a whole. However, within this figure there are significant cantonal variations. Hardest hit will be residents of Valais (+3.6%) and […]
Welfare fraudster risks expulsion from Switzerland
After listening to the culprit claim she had committed the fraud to help her family, the judge sentenced her to deportation, according to the newspaper 20 Minutes. For the judge, the woman’s latest act of fraud, claiming unemployment benefits while working, was the straw that broke the camel’s back. This was the woman’s third welfare […]
Vaud caps health insurance premiums at 12% of income
Starting in September 2018, health insurance premiums in excess of 12% of income in the canton of Vaud will be covered by the government. From the beginning of 2019, this percentage will be reduced to 10%, increasing the number of people who qualify and the size of the subsidies, according to the newspaper Le Matin. […]
Swiss study recommends 38 weeks of parental leave
A referendum calling for four weeks of paternity leave is currently working it’s way through the system. This week, a government commission gave its verdict on the vote, recommending two weeks of paternity leave instead of the four set out in the referendum’s text. Their commission’s main concerns are centred on the impact on companies […]
The secrets of the new 200 Swiss franc note
Switzerland began updating its notes starting with the 50 franc note in April 2016. It then issued the new 20 franc note in May 2017, and the new 10 in October 2017. The newest note to grace Swiss wallets, pockets and purses is the 200 franc note, which was launched on 22 August 2018. Switzerland’s […]
Swiss health insurance companies aim to make it easier to break contracts
Swiss health insurance companies are aiming to change laws to make it easier for them to unilaterally end complementary insurance contracts, according to the newspaper Le Matin. Health insurers have managed to get this possibility included in a project aimed at revising Switzerland’s laws on insurance contracts, set for discussion by a parliamentary committee this […]
