Nursing home costs in Germany average $3,760 monthly, creating financial strain for many, given the typical pension is only $1,100. Health officials cite the urgent need for reforms in long-term care insurance. Currently, care insurance covers only part of expenses, leading many residents to depend on welfare. Growing costs coincide with an increasing elderly population, projected to rise by 37% by 2055, exacerbating concerns about the sustainability of financial resources for long-term care.
The average monthly cost for nursing home stays in Germany has reached $3,760, which is a significant burden given the average pension is only $1,100 per month.
German Health Minister Nina Warken stated that there is an urgent need for reform of long-term care insurance as income and expenditure have diverged dramatically.
Long-term care insurance only covers part of nursing home costs, leading to nearly one in three nursing home residents relying on welfare payments to bolster their finances.
Beate Linz-Esser remarked that the rise in care costs causes great uncertainty and fear among residents regarding their financial ability to sustain long-term care.
Collection
[
|
...
]