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Rumor Mill News Reading Room, Current Archive

Finnish Government Collapses Due to Rising Cost of Universal Health Care

Posted By: HotCoffee
Date: Wednesday, 13-Jan-2021 05:52:12
www.rumormill.news/118834

Jeffrey Cimmino Follow @jeffcimmino
March 8, 2019 5:10 pm

The government of Finland collapsed Friday due to the rising cost of universal health care and the prime minister's failure to enact reforms to the system.

Prime Minister Juha Sipila and the rest of the cabinet resigned after the governing coalition failed to pass reforms in parliament to the country's regional government and health services, the Wall Street Journal reports. Finland faces an aging population, with around 26 percent of its citizens expected to be over 65 by the year 2030, an increase of 5 percent from today.

Sipila's reforms "intended to remove power from the 295 municipalities that currently oversee health and social care, and place responsibility within a leaner, more efficient system of 18 elected regional authorities," according to the Journal. The prime minister also wanted patients to be able to choose from a range of public and private providers.

Sipila said "there's no other way for Finland to succeed" besides these reforms, which could have led to $3.4 billion in savings for the government.

Finland's aging population is increasing the financial strain on its health care system. From a BBC News report:

As an increasing number of people live longer in retirement, the cost of providing pension and healthcare benefits can rise. Those increased costs are paid for by taxes collected from of the working-age population who make up a smaller percentage of the population than in decades past.

In 2018, those aged 65 or over made up 21.4% of Finland's population, the fourth highest after Germany, Portugal, Greece, and Italy, according to Eurostat.

Finland's welfare system is also generous in its provisions, making it relatively expensive. Attempts at reform have plagued Finnish governments for years.

yes there's more

https://freebeacon.com/politics/finnish-government-collapses-due-to-rising-cost-of-universal-health-care/




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