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Germany Today

German news in English

Friday, November 22, 2024

Germany's Health Insurance Costs Surge

Published: 2024-10-14

Germany's statutory health insurance funds are bracing for a significant increase in additional contributions by 2025, with estimates ranging from 0.7 to 1 percentage point.

This rise is driven by expenses outpacing income, leading to a potential historic contribution rate of 17% of gross wages.

The head of Techniker Krankenkasse, Jens Baas, emphasized the need for higher tax subsidies and increased contributions from citizens receiving social benefits.

Despite the urgency, political action remains absent, raising concerns among experts about a potential exodus of workers abroad.

The upcoming meeting of the estimation committee, involving the health and finance ministries, will be crucial in determining the financial outlook for the health insurance system.

Baas warns that the situation requires immediate political intervention to prevent further financial strain.