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In 2018, Social security paid out €470 billion in social benefits, equivalent to 20% of France's GDP of €2,353 billion. [1] Its main expenditure is on benefits for the sickness branch of the general scheme (€198.3 billion) and benefits for the old-age branch of the general scheme (€126.3 billion).
When creating Social Security, France imitated more the Bismarckian system (insurance for workers) than the Beveridge one (widespread solidarity). Over the years, the solidarity (as opposed to a system of contributions) has gradually developed in the French system, which the foundation remains the concept of insurance.
The French Universal Health Coverage (French: Couverture maladie universelle, abbreviated as "CMU") is the French social security program concerning health care, which was implemented in January 2000 (loi n o 99-641 du 27 juillet 1999).
Assurances sociales referred to the French social insurance framework to address social risks such as illness, unemployment, disability, old age, and family responsibilities. Its evolution reflects the broader history of social protection systems and the interplay between private initiative, public intervention, and collective solidarity.
The state scheme is financed by a payroll tax known as "social security contributions". The rate in 2013 is 15.15% (8.4% for the employer and 6.75% for the employee) of pay up to the social security contribution ceiling of €37,032, and 1.7% (1.6% for the employer and 0.1% for the employee) on the remainder of the salary. [7]
Image source: Getty Images. Back in December 1994, the average monthly benefit was just $697.34, adding up to about $8,368 for the year. Fast forward to November 2024, and the average retired ...
Around 62% of hospital beds in France are provided by public hospitals, around 14% by private non-profit organizations, and 24% by for-profit companies. [10] Minister of Health and Solidarity is a cabinet position in the government of France. The healthcare portfolio oversees the public services and the health insurance part of Social Security.
Social Security is the U.S. government's biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits. This year, we're seeing a...