Berlin - The general local health insurance funds (AOK) are in the red. In the first half of the year, they recorded deficit of 110 million euros, according to report in the Frankfurter Allgemeine Zeitung (Thursday). The health insurance company explains the shortfall with increased costs for pharmaceuticals and hospitals. "Expenditures are increasing much faster than revenues by around four percent," said Martin Litsch from the AOK Federal Association in an interview with the newspaper.
Already in the first quarter, almost all statutory health insurers had made losses. The only exceptions were the AOKs and the miners' unions, which, according to the FAZ, were able to increase their surplus to 48 million euros by the middle of the year. The AOKen, which had generated an increase of 36 million euros in the first quarter, however, fell into financial downward trend in the following months. "This rapid increase in expenditure cannot be financed in the long term," explained interim board member Litsch.
However, the statutory health insurance has reserves worth billions. At the end of the first quarter, the coffers showed financial cushion of around 15.5 billion euros. The reserves of the health fund, which collects insurance contributions and distributes them to the health insurers, totaled 9.8 billion euros at the end of March.
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