Health Care Insurance
Health care insurance in Germany is split in several parts. The largest part of 85% of the population is covered by a basic health insurance plan provided by statute, formally insured under the legislation set with the Sozialgesetzbuch V (SGB V), which provides a standard level of coverage. The remainder of 15% opt for private health insurance, which frequently offers additional benefits.
The government partially reimburses the costs for low-wage workers, whose premiums are capped at a predetermined value. Higher wage workers pay a premium based on their salary. They may also opt for private insurance. This may result in substantial savings for younger individuals in good health. With age and illness, private premiums will rise and the insured will usually cancel their private insurance, turning to the government option.
Reimbursement is on a fee-for-service basis, but the number of physicians allowed to accept Statutory Health Insurance in a given locale is regulated by the government and professional medical societies. Co-payments were introduced in the 1980s in an attempt to prevent overutilization.
Read more about this topic: Healthcare In Germany
Famous quotes containing the words health, care and/or insurance:
“In the continual enterprise of trying to guide appropriately, renegotiate with, listen to and just generally coexist with our teenage children, we ourselves are changed. We learn even more clearly what our base-line virtues are. We listen to our teenagers and change our minds about some things, stretching our own limits. We learn our own capacity for flexibility, firmness and endurance.”
—Jean Jacobs Speizer. Ourselves and Our Children, by Boston Women’s Health Collective, ch. 4 (1978)
“The best political economy is the care and culture of men; for, in these crises, all are ruined except such as are proper individuals, capable of thought, and of new choice and the application of their talent to new labor.”
—Ralph Waldo Emerson (1803–1882)
“The Republican convention, an event with the intellectual content of a Guns’n’Roses lyric attended by every ofay insurance broker in America who owns a pair of white shoes.”
—P.J. (Patrick Jake)