Watchdog calls for medicine prices to be slashed

Generic medicines cost twice as much in Switzerland as in some other European countries, according to the Swiss price watchdog.

Watchdog calls for medicine prices to be slashed

The federal price supervisor is calling for measures to lower drug prices in Switzerland after conducting a comparison of costs across Europe, news agencies reported.

The watchdog compared the prices of 20 active ingredients whose patents have expired in Switzerland and in 15 other European countries.

It discovered huge differences. For example, the cheapest generic drug in the Netherlands costs just 15 percent of the price paid in Switzerland.

In Sweden and the UK the same drug sells for 19 percent and 20 percent respectively of the Swiss price.

The European average price was 41 percent that of the price in Switzerland.

The price supervisor is now calling for the introduction of a reference price to ensure that health insurers all reimburse drugs with the same active ingredient by the same amount.

This would be based on the price of the cheapest generic – non-branded – version of the medicine.

The overseer also urged an annual review of medicine prices in Switzerland.

The Swiss consumer protection organization SKS supported the suggestions.

It said it was not acceptable that there are such huge price differences for the same medicines.

This drove up the cost of basic health insurance premiums, SKS said.

The planned measures could save hundreds of millions of francs with no loss of quality, it said.

Health insurance premiums are set to rise by an average of four percent next year.


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Why your Swiss car insurance should contain a ‘weasel clause’

This may sound like a joke, but it really isn’t: these small furry animals cause millions of francs in damage to Swiss vehicles each year. This is how you can protect yourself against these critters and their very sharp teeth.

Why your Swiss car insurance should contain a ‘weasel clause’

If you own a car in Switzerland which you park outdoors, it is possible that you have tried to start the engine in the morning, only to find that the vehicle “died” overnight.

A variety of mechanical problems could cause this breakdown, but it is very likely that a weasel …weaseled its way under your car and gnawed at the wires, just because that’s what these creatures seem to do in Switzerland.

And if you think that weasel-inflicted damage is rare and inconsequential — it isn’t.

For instance, each year AXA Insurance treats about 17,000 claims of damage perpetrated by weasels, which are particularly active during May and June. In 2020, these claims amounted to approximately 8 million francs.

READ MORE: Everything you need to know about car insurance in Switzerland

According to Swiss Professional Automobile Association (UPSA), “weasels like to eat automotive cables, pipes, insulating mats and rubber parts. This is why Swiss vehicles suffer damage estimated at several million francs every year”.

However, weasels don’t just “eat” vehicle components; they attack them in the literal sense of the word.

And it is not a pretty sight — or smell.

These animals  “feel very comfortable in the warm environment of engine compartments. They mark their territory by depositing odorous secretions each time they visit a car. Until then, the mammal does not cause any damage. This becomes problematic as soon as one of its congeners enters the same engine compartment and perceives the smell of the other. This awakens the territorial instinct in him. This is why it bites and then gnaws anything that carries the scent of the other animal”, UPSA reports.

Now that you know how and why this happens, the question is — what can you do about it?

One preventive measure recommended by UPSA is to regularly wash the engine, as this may neutralise the animals’ ‘markers’ and deter other weasels from munching.

How much does it cost to repair the damage?

Depending on what kind of havoc a weasel wreaks under the hood, costs of repair vary, with an average price being 450 francs, according to AXA.

It is therefore important to make sure your auto insurance covers weasel damage.  The premium will be determined by your car model, its age, and the extent of coverage you choose, but it is an option offered by all Swiss insurance companies.

This is just one more thing to make sure your life in Switzerland doesn’t get too boring.

READ MORE: EXPLAINED: Why Swiss healthcare costs are rising and how you can save