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The Stressed German Model

Posted Oct 13 2009 10:01pm
The October 10, 2009 Wall Street Journal points out that Germany's system of universal care is on the verge of collapsing.

Here's an excerpt from, " The Stressed German Model":
Germany's health-care system was brought to life in 1883 by Otto von Bismarck and became the model for virtually every such state-directed national insurance plan since. Alas, the German system is starting to come apart at the financial seams. Germany's system relies on a handful of state-supported health insurers. This week they informed the government that the system was on the brink of a financial shortfall equal to nearly $11 billion.
There's no reason to think that state-controlled health insurance will work any better in the United States.
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