Wednesday, July 7, 2010

Germany's Health Care System


The socialized health care system in Germany is running more and more in the red due to "demographic changes" and "progress in medical technology". In other words, more and more people are living longer and there is a debate whether much of the increased medical technology is worth it. How is Germany solving this crisis? Since their system is based on people having "mandatory insurance" they are letting the insurers raise premiums while cutting the profits of doctors, dentists, hospitals and pharmaceutical manufacturers. Sounds a little too familiar, huh? To add to the fun Social Democrat Karl Lauterbach, an opposition health care expert, feels "the government must ask the rich to pay more". Sounds like a page out the playbook that we will be using here in America as well.