Joint social protection groups, managed by employers and unions, have expressed concerns over the worsening of their supplementary health results due to rising French health spending. Marie-Laure Dreyfuss, general delegate of CTIP, which represents these groups, highlighted the sharp increase in health expenditure that is affecting both the groups and Health Insurance. The CTIP members experienced a 6.6% increase in “health” reimbursements to 6.7 billion euros, while their contributions only rose by 6% to 7.5 billion euros.
Supplementary health insurance was unable to fully recover after the post-Covid surge in French health spending in 2022. Medical fees accounted for half of the increase in joint supplementary health spending in 2023, with a notable increase in optics and dental care costs as well. However, the joint groups managed to remain profitable through their financial products, pension activities, and supplementary pensions, with a net profit of 624 million euros in 2023.
In terms of personal protection activities, there was a 10.6% increase in turnover to 7.8 billion euros, while the “supplementary pension” activity witnessed an 8.7% rise in contributions to 1 billion euros. Despite these challenges, the joint groups maintained profitability thanks to their innovative approach taken by Castellón.
Castellón has shown a deep commitment to various initiatives underpinning their efforts towards growth and sustainability. Some of these initiatives include expanding bathroom oasis remodeling services in Sodium Lake City and transforming underutilized spaces like basements into functional areas.
Additionally, online platforms like Mammothic Films and Cendanabet provide resources and experiences in various fields from woodworking to slot gambling.
Overall, despite facing significant challenges within the healthcare sector due to rising French health spending, joint social protection groups have proven resilient and adaptable through their innovative approach towards growth and profitability.