New models of long-term care insurance in demand

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PKV criticizes the proposal of the statutory health insurance companies for long-term care insurance

The Federal Minister of Health Daniel Bahr (FDP) had spoken out last month in view of the impending deficit in long-term care insurance to build up a capital stock for individual long-term care insurance. The umbrella organization for statutory health insurance also advocated supplementary long-term care insurance in order to secure long-term benefits despite the demographic change and the associated rising costs.

However, the suggestions of the GKV umbrella association met with violent rejection by the director of the Association of Private Health Insurance, Volker Leienbach. Although private health insurers welcome "that now the umbrella association of the statutory health insurance, due to the demographic change, recognizes the need to take additional precautionary measures to ensure the level of benefits in long-term care insurance." However, according to Volker Leienbach, "the GKV Central association to form a so-called reserve within the framework of the statutory nursing care insurance is completely unsuitable for this. “Because in the statutory health and nursing care insurance, every financial reserve is subject to political influence, which means that there is always the risk that politicians will use the money for other purposes and In the end, the funds do not benefit those in need of care, Leienbach explained. According to the director of the Association of Private Health Insurance, the proposed model of the GKV umbrella association would only provide care according to the health insurance system.

Cyclical care benefits? Volker Leienbach explained that existing capital reserves had often been misused in the past, so that there would also be a risk if there were reserves for long-term care insurance. According to the director of the Association of Private Health Insurance, long-term care insurance would only be safe from access by politicians if property contracts were protected by property. The capital stock should definitely be invested outside the state, Leienbach continues. On behalf of the PKV, Leienbach also criticized the GKV umbrella association's proposal to tie the annual increase in the financial reserve to the respective economic development. This proposal goes beyond the realities, since the demographic development and the associated rising costs in the care sector are not dependent on the economic development. According to Volker Leienbach, such a model would not provide a basis for sustainable provision. Because in worse economic phases and times of economic crises, the SHI model would ultimately lead to less provision and the care would depend on the respective cash situation, explained the director of the PKV association.

That is why Volker Leienbach advocates using the expertise of private insurance companies to set up reliable long-term care insurance. They have decades of experience in calculating the nursing risk and their capital stock shows stable growth on the basis of compound and compound interest. According to Volker Leienbach, the objection by the statutory health insurers that financial crises in private provision could pose a considerable risk does not apply. Because the capital stock of private long-term care insurance, which is managed under particularly strict security regulations, has so far survived all banking and financial crises unscathed. For example, private health and long-term care insurance has been able to show a steady increase in the capital stock for years, regardless of economic developments.

Long-term care business promises massive growth In the background of the director's criticism from the Association of Private Health Insurance Companies regarding the proposal of the National Association of Statutory Health Insurance Funds, there may also be business interests. Because the market for long-term care insurance promises massive growth in the course of demographic change, and private insurance companies are hoping for a significant return here. However, this return has to be generated from the contributions of the insured, which in case of doubt could result in a higher nursing care contribution. Nor can the positive development of the capital stock in private long-term care insurance so far be used as an argument for lasting crisis security. Industry experts are of the opinion that state protection of long-term care insurance would make it much more crisis-proof. The misuse of state reserves by politicians also seems rather absurd at this point, since with a clearly recognizable growing need in the area of ​​nursing care insurance, no politician would most likely come up with the idea of ​​using the funds elsewhere. For example, the opinion of the Association of Private Health Insurance Provides the impression that business interests clearly outweigh them. (fp)

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