Long-term care insurance: Federal government has to provide hundreds of millions - otherwise, those in need of care face payment shortfalls
The nursing care insurance fund is facing a shortage of funds as early as November. The federal government is to provide an additional €700 million, as stated in a letter from the Ministry of Finance.
The German government is facing a financial crisis in the nursing care insurance system, with the previously planned billion-euro aid package proving insufficient. The Federal Ministry of Finance (BMF) plans to provide an additional loan of up to 700 million euros this year to prevent payment delays and potential non-payment of benefits to care recipients.
The move comes as the number of people in need of care is rising faster than expected, causing a significant shortfall in the insurance system's funds, with a predicted 370 million euro gap in November. The government aims to secure approval from the budget committee for the extra funds.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
