Financial deterioration of health insurance union may accelerate Accelerating insurance premium income with new corona 4:9 on August 9
The new coronavirus is likely to accelerate the financial deterioration of the health insurance union to which employees of large companies join. The Kenhoren-Health Insurance Union Association expects that more unions will fall into a critical situation next year.
The Health Insurance Federation, which is made up of approximately 1,400 health insurance unions, estimated the overall financial outlook by listening to the wage outlook for this year from over 150 unions in order to investigate the impact of the spread of infection.
As a result, it is expected that the premium income for this fiscal year will decrease by about 400 billion yen from the initial forecast to more than 7,820 billion yen due to the decrease in wages.
While this trend will continue in the future, if the movement to refrain from receiving medical examinations has stopped, the financial deterioration may accelerate.
Until now, the Kenhoren had predicted that so-called “baby boomers” will begin to turn 75 or older in 2022, and the number of unions that will be forced to dissolve due to financial deterioration will increase rapidly. However, it is expected that more unions will fall into critical situations.
The Health Insurance Federation says, "To prevent further financial deterioration, we want the government to urgently discuss such things as raising the burden of medical expenses for late-stage elderly people."