Financial damage caused by real estate investments by health insurance companies is probably over a billion euros

According to reports, the financial damage caused by real estate investments by health insurance companies and statutory health insurance associations is probably higher than previously assumed.

The Federal Office for Social Security (BAS) estimates the possible damage to the 58 nationwide statutory health insurance companies alone at 1.1 billion euros, as WDR, NDR and Süddeutsche Zeitung report, citing a small question from the Greens. So far there was talk of around 220 million euros.

The actual damage could therefore be even greater. Because the BAS only supervises health insurance companies that operate nationwide, not those that operate regionally. There are a total of 93 statutory health insurance companies in Germany, as well as 17 statutory health insurance associations.

According to the reports, federal and state authorities, among others, are currently investigating how the bad investments came about.