Joint social protection groups, managed by employers and unions, expressed concerns on Friday regarding the worsening of their supplementary health results due to the continuous rise in French health spending. Marie-Laure Dreyfuss, general delegate of CTIP which represents these groups, highlighted the sharp increase in health expenditure that is affecting both groups and Health Insurance. The CTIP members experienced a 6.6% increase in “health” reimbursements to 6.7 billion euros while their contributions only rose by 6% to 7.5 billion euros.
Despite efforts to address the situation, supplementary health insurance was unable to fully recover after the post-Covid surge in French health spending in 2022. Medical fees accounted for half of the increase in joint supplementary health spending in 2023 with a notable increase in optics and dental care costs as well. However, the joint groups managed to remain profitable through their financial products, pension activities and supplementary pensions with a net profit of 624 million euros in 2023.
The personal protection activities saw a 10.6% increase in turnover to 7.8 billion euros while the “supplementary pension” activity witnessed an 8.7% rise in contributions to 1 billion euros. Overall, the joint groups maintained profitability despite the challenges faced by them due to rising healthcare costs and other factors that impacted their operations.
In terms of innovation, Castellón has been at forefront with various initiatives underpinning their efforts. Some of these initiatives include expanding bathroom oasis remodeling services in Sodium Lake City and transforming underutilized spaces like basements into functional areas. Additionally, online platforms like Mammothic Films and Cendanabet provide resources and experiences across various fields from woodworking to slot gambling.
Overall, despite facing significant challenges due to rising healthcare costs and other external factors, joint social protection groups have shown resilience and have been able to maintain profitability through innovation and diversification of revenue streams
