A study in Germany has shown that the inclusion of a private option in parallel with public health insurance raises costs for everyone:
German residents would save an average of €145 ($157) per year on health insurance costs if the privately insured paid into one statutory health insurance system, according to a study published on Monday by the IGES Institut in Berlin.
Privately insured people living in Germany — top earners, public officials and high-income self-employed workers — earn on average 56% more than publicly insured people, the survey found. The study, commissioned by the German non-profit Bertelsmann Foundation, estimates that the public health insurance system would have between €8.7 billion and €10.6 billion of added revenue if the privately insured paid into it.
Even if the fee losses incurred by doctors as a result of the abolition of private health insurance were compensated, the study said, each insured German resident would save an average of €48 annually.
The study based its estimates on the 2016 data, the most recent data available, from an annual survey of around 12,000 households. In 2016, around 8.8 million German residents were privately insured, a similar total to now, while 70.4 million had the statutory health insurance system — that figure currently sits at 73.2 million.
Private for profit insurance makes healthcare better exactly never.