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Retiring soon. What to do about health insurance?

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I used to think health insurance was crap in the US until I moved to Germany.  In my situation at least, its way worse.  It's surprising to me that Germany is not considering a single payer system as they seem to be rather progressive in other areas.

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32 minutes ago, Buzznut3000 said:

I used to think health insurance was crap in the US until I moved to Germany.  In my situation at least, its way worse.  It's surprising to me that Germany is not considering a single payer system as they seem to be rather progressive in other areas.

Too many entrenched interests, unfortunately. The private health insurance industry has a very strong lobby, and the statutory health insurance funds suffer from extreme bureaucratic bloat, because AOK and the others are EVERYWHERE, and it's where politicians of all parties like to park their former local members of the Landtag or Bundestag in well-paid, fancy-sounding makework positions in upper management.

 

Things are improving, but slowly. According to this source, there were 1815 statutory health insurance funds in 1970. As of January 1, 2019, there are only 109. With modern IT, I figure that number could easily shrink by another order of magnitude within the next decade.

 

Having said, that, the German system is certainly less expensive than the American system on a per capita basis and seems more or less effective, bar the occasional bottleneck.

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I don't know of any insured person over here who has gone broke over medical side costs. I do know a few in the U.S. who had "excellent" insurance.

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