€1bn German Health Insurance Hole

The New Observer
February 19, 2016

The mass nonwhite invasion of Germany has punched a €1 billion hole in the budgets of German healthcare insurance companies which can only be made up out of higher premiums for private native German citizens, it has emerged.

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According to research published by the Frankfurter Rundschau, the federal government has not provided enough to cover all the health insurance contributions for the million plus invaders who have streamed into Germany after Angela Merkel’s “open doors” invitation.

In addition to the shortfall, the expected welfare costs to be incurred as the vast majority of the invaders fail to find regular employment, will add another massive burden to the state finances, the paper added.

The German government currently subsidizes the healthcare companies but, according to the newspaper’s research, a “shortfall of several hundred million euros” will have been built up early this year, because the authorities have not been paying enough to cover the costs of the masses who have flooded in.

“For all of 2017, the hole will grow to over €1 billion,” the paper said. If German Finance Minister Wolfgang Schäuble sticks to his position that the invasion will not cause any tax increases, then the insurance companies will have no other choice except to offset the deficit by raising the cost of ordinary contributions made by Germans into the system.

Normally, immigrants are put onto the social welfare system on a position of complete parity with Germans after a waiting period of 15 months—if they have been working. However, the newspaper said, if they are not working—“which will apply to most refugees,”—then they are entitled to the full unemployment benefit, known as Hartz IV.

Recipients of this welfare payout also receive the full benefits of the statutory health insurance—with their full contributions being paid by the federal government.

The trouble is, the Frankfurter Rundschau pointed out, that the amount being paid out by the federal government is not enough to cover even the most “rudimentary costs” of treating a million or more of the newcomers.

“Currently, the federal government pays €90 per month for each Hartz IV recipient. Although there are still no reliable figures of what the total cost of refugee healthcare will be, the first figures from Hamburg indicate an individual cost of between €180 to €200 per month,” the paper said, adding that figures from North Rhine-Westphalia confirmed this trend.

Thus, the monthly gap between state contributions and actual cost of health insurance is around €100 per month, or about €1,200 per year—for each invader. From this figure, the paper says, the deficit will quickly reach the €1 billion figure.

“But even that is not enough,” the Frankfurter Rundschau continued. “The amount of €90 paid by the federal government does not cover the costs of even a ‘normal’ Hartz IV recipient. The refugees, therefore, exacerbate the situation even further.”

If the federal government payment does not increase, then 2017 will see “additional contribution relevant burdens,” the Ministry of Health has already warned.

* Of course, the Frankfurter Rundschau’s calculations are based only upon the one million fake refugees who arrived in Germany in 2015—and do not include the one million or more who are expected to come this year, or the “family reunification” millions who are also expected.

Germans, it seems, are in for some personal budget-breaking tax increases, thanks to the political choices they have made. Only time will tell if they have learned their lesson, or if they continue to vote for the parties which have plunged Germany—and by extension, all of western Europe—into its gravest crisis in seventy years.