How Germany’s Universal Health-Care System Works

Germany’s health-care system spends nearly half as much as the United States but still manages to cover 100% of its population through a mix of public and private insurance schemes. There are two different systems that residents can turn to for insurance in Germany: SHI, which stands for Statutory Health Insurance and PHI or Private Health Insurance. Here’s how they work. » Subscribe to CNBC: » Subscribe to CNBC TV: » Subscribe to CNBC Cla