DAK-Gesundheit has warned that the funding shortage in social long-term care insurance is much larger than previously estimated. Andreas Storm, CEO of DAK, told the newspaper that the expected additional revenue from childless individuals-intended to be 3.3 billion euros-will actually amount to no more than 2.4 billion euros.
This shortfall means there is a deficit of at least 900 million euros. According to the DAK chief, this raises the total funding gap for the coming year from 1.35 billion euros to 2.25 billion euros. Storm alleges that the Ministry of Health significantly overestimated the contribution revenue from childless individuals.
The CEO warned that the care insurance system faces severe consequences. He stated that the care funds could exhaust their money as early as the beginning of next year, and if this financial gap is not closed, the care funds risk becoming insolvent. The Health Ministry did not comment on these figures when asked by the newspaper.
To prevent a financial collapse in the long-term care system, DAK CEO Storm called for additional support from the federal government. He insisted that the federal government must finally repay 5.2 billion euros in outstanding COVID-related aid to the care funds next year.
