The FSC release report on insights and trends in healthcare
The Financial Services Council (FSC) have released their Insights and Trends report “Health trends: Accessible and affordable healthcare”. Some key insights and trends include:
A looming social healthcare crisis, as aging populations live longer, but not healthier. As life expectancy lengthens, there needs to be a global focus on increasing health span, the time that people live in good health.
Kiwis with health insurance has increased by 1.2%, to 1.45 million in 2023.
37% of kiwis reported having health insurance in 2023, up from 32% in 2022.
Mental health is the most concerning health issue, especially for younger generations (with 42% of 18-28 year old respondents and 39% of 29-43 year old respondents highlighting it as their main concern).
The top reason for taking out health or medical insurance was peace of mind, followed by reducing stress if myself/my family were going through a difficult time and it seeming like a financially responsible thing to do.
The main reason given for cancelling health cover was cost of living pressures meaning people can no longer afford it (55%).
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