2023-05-21 10:29:05
Almost a million and a half people hired a private health insurance in Spain between December 2019 (just before the pandemic) and December 2022, with which the total number of insured already exceeds a quarter of the population, 25.32%, and amounts to just over 12 million people.
The saturation that the public health system began to register in 2020, overwhelmed by the flood of coronavirus cases, caused many people to choose to take out insurance due to the shorter waiting lists private centers, the possibility of choosing a doctor or having a private room.
According to the latest data from ICEAthe statistics and studies service for the sector, corresponding to the end of 2022, health insurance grew by almost 14% in the number of users in the aforementioned period and by 20.5% in billingreaching 10,334 million euros at the end of last year.
Market share
Those 10,334 millioninvoiced by the 58 companies that operate in the Spanish health branch, represented 16% of the 64,673 million that Spanish insurance entered in total last year.
Returning to health insurance, the increase registered in these pandemic years also raised the number of market share by volume of premiums of the five large Spanish health insurers -SegurCaixa Adeslas, Sanitas, Asisa, DKV and Mapfre-, which closed 2022 with 73% of the cake.
The absolute leader of the Spanish private healthcare market is SegurCaixa Adeslas, which includes the business of Mutua Madrileña, with a 30.04% share, followed by Sanitas, with 15.49%; Asisa, with 13.25%; DKV, with 7.40% and Mapfre, with 6.77%.
As for the premium income of the five big ones, they grew by 20.5% in those three years and totaled 7,689 million euros.
The arguments of the sector
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The health needs of a society are very extensive and the available resources are limited, explain sources of Unespawho defend that public and private healthcare are not rivals, but that they complement and that, in fact, private health allows significant cost savings for the public system.
These insurances have been more than doubled since 2006, just before the last great economic and financial crisis, which exploded with the bankruptcy of the American entity Lehman Brothers and the ‘subprime’ mortgage crisis, since at the end of that year the branch billed 4,916 million euros and in 2022 exceeded the 10,000 million.
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