One of the biggest negative financial implications to the German healthcare

One of the biggest negative financial implications to

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paying a smaller fee for healthcare out of their monthly unemployment payments. One of the biggest negative financial implications to the German healthcare system according to its citizens is that they must pay more money into the healthcare system for making more money than others. Their contributions also help pay for the unemployed citizens of Germany, a fact that is often a sore spot with its people (InterNationsGo!, 2019). One positive financial implication of healthcare for German citizens is that drug costs are highly regulated by the government. This means that both generic and brand name drugs must be provided to citizens at very reasonable costs. Even when manufacturers prove that their drug has medically added benefits that other drugs can’t provide, the costs are still much more tightly controlled than cutting edge drugs in the U.S. For these newer brand name drugs in Germany, the state run Sickness Funds work out rebates with manufacturers to protect citizens from paying more than they can afford for necessary medications (The Commonwealth Fund, 2016). Despite a somewhat unequal pay system and the fact that those who work and pay in Germany provide for the unemployed, their annual costs are almost half of what the average American citizen pays for similar healthcare services. Also, Germans pay far less for medically necessary prescriptions than United States citizens. Overall the German system also seems to provide better care and concern for children, the disabled, the elderly and the unemployed while simultaneously offering healthcare at approximately half the rate that the average U.S. citizen pays. In the future, it may serve the U.S. well to take a good look at the German healthcare system and consider adopting some of its methods. References Amadeo, K., (2019). Obamacare Pre-Existing Conditions: How Obamacare Protects Those With Pre-Existing Conditions. Retrieved from - existing-conditions-3306072 Cherry, B. & Jacob, S., (2017). Contemporary Nursing: Issues, Trends, & Management. St. Louis, MO: Elsevier. ISBN: 978-0-323-39022-4
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Expatica, (2019). A Guide to German Health Insurance. Retrieved from .com/de/healthcare/healthcare-basics/a-guide-to-german-health-insurance-693463/ InterNationsGo!, (2019). Health Insurance and the Healthcare System of Germany Explained. Retrieved from Kamal, R. & Cox, C., (2018). How do Healthcare Prices and Use in the U.S. Compare to Other Countries? Retrieved from - healthcare-prices-and-use-in-the-u-s-compare-to-other-countries/#item-start The Commonwealth Fund, (2016). 2015 International Profiles of Healthcare Systems. Retrieved from publications_fund_report_2016_jan_1857_mossialos_intl_profiles_2015_v7.pdf TransferWise, (2017). Getting Health Insurance in Germany: A Complete Guide. Retrieved from
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