The Common Company Health Insurance Fund Cologne (GBK) reported a risk of bankruptcy.
(06/15/2010) The events currently seem to be overturning. According to media reports, the third statutory health insurance company now appears to be on the verge of bankruptcy. In addition to the "City BKK" and "BKK Heilberufe" health insurers, the GBK now appears to be on the brink of insolvency. A corresponding notification to the Federal Insurance Office has been confirmed by the GBK.
According to media reports, a third health insurance company now appears to be on the verge of insolvency. The Joint Company Health Insurance Fund Cologne (GBK) has apparently reported the threat of insolvency as the third health insurer. However, GBK board member Helmut Wasserfuhr disagrees with reports that the GBK is insolvent. Wasserfuhr said, "The GBK's liquidity plan shows that the health insurance company is solvent at all times."
According to the financial newspaper "Financial Times Deutschland", the GBK had reported impending bankruptcy to the Federal Insurance Office last week. According to legislators, health insurance companies have to report an impending insolvency, otherwise there is a risk of "bankruptcy delay". The BKK Bundesverband had confirmed such a notification to the Federal Insurance Office to the newspaper. This means that three statutory health insurers, the City BKK, BKK health care professions and now also the GBK are threatened with closure. At City BKK there are signs that the till will be closed on September 1st.
GBK board member Helmut Wasserfuhr also confirmed this to the Federal Insurance Office. However, the board emphasized that it was "always solvent". Negotiations are currently underway about a possible merger with other company health insurance funds. There are no corresponding results yet, as the talks are only just beginning.
The GBK is a very small health insurance. According to this, just 33,000 people are insured at the cash desk. If the box office is closed, other health insurance companies must take over the members. The other health insurance companies must do this even if the insured are taking very expensive treatments or are of an advanced age. Statutory health insurance is compulsory, and this also applies to the health insurance companies.
In the event of closure, the other company health insurance funds must assume the liabilities of the closed health insurance fund. This could be a major problem with a large number of closings of BKK health insurance companies, so that further health insurance companies face great financial difficulties and also have to report bankruptcy. A crisis meeting of the company funds is to take place next Thursday, where they will discuss how the financial problems could be solved. A decision will only be made in August, however. "Decisions have to be made that are overshadowed by the shadow of an underfunded health fund and the so far uncertain financing of statutory health insurance next year," argued the managing director of the BKK Federal Association, Heinz Kaltenbach. (sb)
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