Among the factors that justify the increase is the increase in health plan expensesMarcelo Camargo/Agência Brasil
Published 04/28/2024 20:35
Collective health plans will have a double-digit adjustment this year, according to a report by XP Investimentos with data from the National Supplementary Health Agency (ANS). The average increase was 15% in the period between December 2023 and February 2024.
According to the survey, adjustments have remained at this level for the third year in a row. In 2023, the average increase in collective plan prices was 14.38%; in 2022, the adjustments fluctuated around 11.54%.
ANS data records 50.9 million beneficiaries on the market, with 88.6% of them in collective plans, whether corporate or through membership, when linked to a class entity or benefits administrator. Adjustments to individual and family plans are limited by the agency, which sets a ceiling.
In the list of largest groups, the survey cites SulAmérica, Bradesco Saúde and Amil as those responsible for the highest rates, exceeding 20%.
According to the survey, the market has been pressured by price increases of over 15% since mid-2023. The states of São Paulo and Rio de Janeiro have put upward pressure on the numbers, with adjustments of around 20% in recent months.
The expectation of the experts responsible for the report is that “more aggressive pricing will continue to occur for at least another year in the health insurance market.”
Among the factors that justify the increase are the increase in health plan expenses, with the resumption of services that had been interrupted during the covid-19 pandemic, cost inflation and the incorporation of new technologies.
The dental plan market has a distinct dynamic. Price increases remain at the single-digit level.
“Companies that offer dental plans alongside health plans, such as Hapvida, SULA and Amil, are at the upper end of price increases, while Odontoprev – which is a pure dental plan operator – remains at the lower end,” says another excerpt from the document.
