German ASB Chairman Calls for Wealth and Real Estate to Fund Long-Term Care

Knut Fleckenstein, chairman of the German social welfare organization ASB, proposes that personal wealth and real estate be tapped to finance long-term care, arguing that long-term care insurance should not serve to protect inheritances. This marks a notable policy stance in Germany's ongoing debate over care financing, potentially signaling a shift toward greater personal contribution. The proposal is likely to face political resistance, and its impact on policy remains uncertain.

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