Discover the latest news, articles and opinions about cost of living and the financial system in Switzerland.
Switzerland’s healthcare system is excellent, but the costs are pretty high. It is mandatory to have minimal health insurance. The Swiss Health insurance act (KVG) governs it. Healthcare administration is left in the hands of private insurers, each of which imposes a different rate based on the canton, under the direction of the Federal Office of Public Health (FOPH). Supplemental insurance that complies with the Insurance Contracts Act (VVG) may supplement mandatory health insurance advantages. They are under the direction of the Swiss Financial Market Supervisory Authority (FINMA).
Switzerland's electricity market is known for its unique mix of hydro, nuclear, and renewable energy sources. While the market is liberalised for large consumers, the residential sector is still highly regulated and operates as a monopoly. In this post, we will explore the intricacies of the Swiss electricity market for individuals, including the roles of key players, regulatory framework, and the potential opening of the residential electricity market. We will also share essential tips for individuals to make the most of their electricity needs in Switzerland.