The German Federal Statistical Office in Berlin published its 15th coordinated population projection in December 2022. It predicts that the number of people at retirement age will increase by around four million to 20 million people in 2035, followed by a sharp rise in people aged 80 or over in the following decades until the 2050s and 2060s. The number of employed people is projected to fall by 4.8 million over the next 15 years – these two trends combined will pose enormous challenges for health and long-term care insurance. ‘Something has to change urgently if quality care is to remain affordable’, remarked Florian Reuther, director of the Association of German Private Healthcare Insurers (PKV). ‘More and more people are in need of care, yet fewer and fewer young people are contributing. That is why we have to take action now. Even now, private health and long-term care insurers are forming capital-backed reserves to relieve the younger ones. Politicians must make it possible for more people to take such precautions. This way, we can and must lighten the burden on future generations.’
Private health insurers are more affected by the rising numbers of long-term care cases than statutory health insurance funds. The Association of German Private Healthcare Insurers notes that the mandatory private care insurance community is ageing faster because policyholders from the ‘baby boomer’ generation make up a significantly larger percentage in mandatory private care insurance. It is essential for health insurers to utilise an effective solution with regard to the complex business transactions in mandatory private care insurance – msg.Cura is a complete solution in the form of standard software.