Thursday, 26 December 2019

The Billion Euro Loss in Health Funds?

In the past week, if you follow German health insurance news.....the companies all came up and admitted that together.....they went past their normal budget by about one-billion Euro, and so they had to dip into reserves.

A long-term problem?  Well, yeah.

The bulk of blame?  You could assign blame to around a dozen factors, but the biggest issue was nursing salary increases which had to be prioritized in 2019 because of nurses walking out of the profession, and trying to make up for shortfalls in the nursing population (recruiting from outside of Germany). 

The odds this shortfall will continue into 2020?  About a hundred-percent chance.  So by 2021's national election....a national crisis and more costs for the insurance fund?  It'll likely become a top five topic for the national election. 

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