The healthcare expenditure on hospitals by voluntary health insurance schemes in Belgium has shown periodic fluctuations over the past decade. Starting from a value of 2.52 in 2013, there was a general upward trend until 2017, reaching 2.85. A slight dip occurred in 2018, followed by a peak at 2.9 in 2019. Notably, there was a decline in 2020 and 2021, with values dropping to 2.6 by 2021 and stabilizing at this level through to 2023. The year-on-year variations ranged from increases of over 5% to declines of over 7%, with recent years showing near-zero growth. The last five years, as of 2023, show a negative CAGR of -1.54%. Forecasts indicate a stabilization around 2.6, with a marginally positive CAGR of 0.08% projected five years out to 2028.
Future trends to watch for:
- Potential impacts of new health policies and reforms on insurance expenditures.
- Technological advancements in healthcare potentially reducing costs or necessitating new insurance models.
- Demographic shifts and aging population influencing demand for hospital care and insurance coverage.
- Economic factors influencing disposable income and the ability of individuals to maintain voluntary health insurance.
