The Swiss Financial Market Supervisory Authority FINMA generally supports the draft federal law regarding the supervision of social health insurance (KVAG) put into consultation by the Swiss Federal Council on 4 February 2011. In its comments, FINMA particularly welcomes the fact that the qualitative aspects of supervision are explicitly provided for in the consultation draft and that a risk-based approach will be given greater priority. FINMA seeks, however, one fundamental change: it is calling for a full institutional separation between social and private health insurance. A distinct division of both institutions would result in more market transparency and would considerably improve the effectiveness of supervision.
