Reserves
The Federal Council adopted an amendment to the Federal Ordinance on the Oversight of Social Health Insurance (KVAV), effective 1 June 2021, which makes it easier for health insurers to resort to voluntary reductions in reserves. The minimum threshold from which a voluntary reduction in reserves is permitted has been lowered. Originally, insurers were required to have reserves exceeding 150% of the minimum amount stipulated in the ordinance. The revision lowers this limit to a minimum level of 100%.
The financial buffer is there to cushion unforeseen additional costs (e.g. vaccination costs) and to keep the premium burden as low as possible for insured persons. CSS does not believe the accumulation of unnecessary reserves to be expedient. Ultimately, the reserves belong to the insured persons. The thrust of the KVAV revision generally corresponds to CSS's position that premiums should be calculated as tightly as possible and ultimately not result in excessively high reserves.
CSS is in favour of a reduction in reserves that takes place on a voluntary basis and respects the entrepreneurial freedom of health insurers. Many factors influence the development of reserves, which means they can sometimes be subject to sizeable fluctuations.
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