The WSJ notes:
Germany's health-care system was brought to life in 1883 by Otto von Bismarck and became the model for virtually every such state-directed national insurance plan since. Alas, the German system is starting to come apart at the financial seams. Germany's system relies on a handful of state-supported health insurers. This week they informed the government that the system was on the brink of a financial shortfall equal to nearly $11 billion.
Read the whole thing about how it all went wrong.
This site reminds us of Bismarck's role in the creation of the modern Fascist-Welfare state.
Tracked: Oct 11, 10:28