time: 01.11.2021

Long-Term Care Insurance Crisis: Billions in Additional Costs Loom, Urgent Reforms Needed

01.11.2021 Insure2000 Editorial Team

Germany's statutory long-term care insurance (Pflegeversicherung) faces a severe financial crisis, with billions in additional costs projected. GKV Vice-Chairman Gernot Kiefer warns of exploding premiums and out-of-pocket expenses without immediate government reform. This analysis explores the funding gap, rising patient contributions, and potential solutions, offering crucial insights for anyone concerned with long-term care planning, whether under German Pflegeversicherung or analogous systems like US Medicaid and private long-term care insurance.…