Health Insurance Premiums Expected to Rise in 2025

Health insurance premiums are set to rise in several regions: in Switzerland, the average premium will increase by 6% to CHF 378.70 in 2025, attributed to rising healthcare costs, including new treatments and an ageing population. In the U.S., a proposed Health Care Affordability Act aims to prevent over 20 million Americans from facing increased costs due to the expiration of enhanced premium tax credits under the Affordable Care Act, which could also leave 3 million without insurance. In Ireland, premiums have risen by 7% over the last six months, with the Health Insurance Authority urging consumers to consider switching plans amid rising healthcare inflation. In the U.S. workplace insurance sector, costs are expected to surge by 5.8% to 7% in 2025, significantly outpacing overall inflation, prompting employers to implement cost-cutting measures that may increase out-of-pocket expenses for employees. The Health Insurance Authority in Ireland noted that 71% of insured individuals have never switched their plans, indicating a market in need of simplification to aid consumer decision-making. The combined pressure of rising premiums and complex market dynamics presents ongoing challenges for health insurance consumers globally.