The share of private prepaid health plans in Indonesia has been consistently declining since 2013, from 2.93 units of private health expenditure down to 2.60 by 2023. This represents a year-on-year decrease with a steady decline of 1.3% from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) was approximately -1.32%. Forecasts predict this downward trend will continue, with a projected value of 2.42 by 2028, reflecting a forecasted five-year CAGR of -1.13%, and an overall forecasted growth rate of -5.52% over the next five years.

Future trends to watch for include:

The impact of government health policy changes on the demand for private health plans.
The role of economic growth and income levels in influencing private health expenditure.
Evolving consumer preferences for healthcare services and potential technological advancements in the health insurance industry.
Reactions from private health insurance providers to stem the decline, such as new products or pricing strategies.