The private health insurance coverage in Israel has shown a steady upward trend over the past decade. From a value of 82.9 in 2013, it gradually increased to stand at 88.9 in 2023. This indicates a moderate rise year-on-year, with significant jumps noted particularly in 2018 and 2021, which saw year-on-year variations of 1.08% and 2.25%, respectively. The CAGR over the last five years up to 2023 was 1.12%, suggesting a healthy and consistent growth in coverage.
The forecast data from 2024 onward anticipates a continued upward trajectory. From 89.9 in 2024, the coverage is expected to reach 92.2 by 2028. The forecasted 5-year CAGR is 0.51%, indicating a moderate pace of growth with an overall 5-year growth rate of 2.56%. This points to a stable expansion in the near future, even though at a slightly decelerated rate compared to the past few years.
Future trends to watch for include:
- Potential market saturation nearing 95%-100%, necessitating innovations in policy offerings.
- The impact of regulatory changes and government policies on private insurance uptake.
- Technological advancements in health services and their influence on insurance structures.
