German health insurance system short of almost 50 bln euros by 2040: study

German health insurance system short of almost 50 bln euros by 2040: study

BERLIN, Oct. 9 (Xinhua) — Germany’s statutory insurance system can see a monetary gap of nearly fifty billion euros (54.9 billion U.S. dollars) by 2040, according to a study printed by the Bertelsmann Foundation on Wednesday.

After years of “record surpluses” for Germany’s statutory insurance, the gap between the price of health services and also the revenues from payments would widen once more from around 2025 onward, according to the study.

Although the deficit of the insurance system would increase over successive years, it might still be coated by the monetary reserves. “In 2031, however, the monetary reserves of the statutory insurance are exhausted,” the study by the institute for health and social analysis (IGES) stressed.

“The days of a parallel increase in financial gain and expenditure are over,” aforementioned Brigitte Mohn, member of the Bertelsmann Foundation’s govt board. There would still be time for German politics to react “before the monetary gap continues to widen.”

In order to shut the monetary gap, the monthly contribution rate would ought to gradually rise from 14.6 % to 16.9 %, the study found.

“The most vital factors in finance health care return from outside and can’t be directly influenced by health policy,” explained Bertelsmann Foundation’s health knowledgeable Stefan Etgeton.

For example, in the event of financial gain in the European nation would still increase on a “relatively high level,” the contribution rate would solely rise to 15.4 % by 2040. In distinction, an “above-average rise in health care costs would more widen the gap” and also the contribution rate might even reach 18.7 % in 2040, the study noted.

If the contribution rate were to stay stable at 15 %, the German government’s grant would rise from 14.5 billion euros each year to seventy billion euros by 2040.