Report of the Royal Commission on National Health Insurance

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Monograph

Identifikator:: 1740277147

URN:: urn:nbn:de:zbw-retromon-132094

Document type:: Monograph

Title:: Report of the Royal Commission on National Health Insurance

Place of publication:: London

Publisher:: Stationery Office

Year of publication:: 1926

Scope:: XII, 394 S.

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VII. The financial resources of health insurance scheme

Collection:: Economics Books

MAJORITY REPORT. the stamps to the cards of their workpeople—the insured persons —from whose wages an appropriate deduction representing the smployed person’s contribution may then be made; and each insured person surrenders his card so stamped at the end of the half-year to his Approved Society, or to the Central Department if he is a deposit contributor. The cards which have thus been surrendered to the Societies are transmitted in bulk to the Central Departments and Societies are credited with the value of the stamps on the cards, after certain deductions, to be described: later, have been made. The Central Departments thus act as bankers holding the credits of Societies. 157. The State grants are made in the form of a fixed propor- tion (at present two-ninths) of the expenditure on benefits and their administration. ALLOCATION OF THE WEEKLY CONTRIBUTION. 158. The weekly contribution, as reduced by the Widows’, Orphans’ and Old Age Contributory Pensions Act, 1925, is 9d. for men and 83d. for women. The following is the allocation of these contributions :— Benefit Fund and cost of administration .. Reserve values (interest and redemption; Contingencies Fund 159. The sums credited directly to the Societies represent the aggregate amount of their contribution claims at the rate of 7§d. « week in the case of men and Tid. a week in the case of women. The Societies are also credited with the contributions applicable to their Contingencies Funds (at the rates, respectively, of ?d. and 2d.) subject to deductions not exceeding one-eighth for the support of the Central Fund. In the circumstances explained below this deduction is at present in abeyance and the full amount of the contributions apportioned to the Contingencies: Funds is carried to the credit of the Societies. 160. The balance of the contributions represented by the Societies’ returns, that is to say, the aggregate of the amounts produced by 1d. per contribution in the case of men and Jd. in the case of women, goes to form the fund for the redemption of reserve values and the payment of interest on outstanding reserve values. The need for these reserve values, which are book credits, and—what is, of course, more to the purpose—for their conversion into actual moneys which in due course will be avail- able for the payment of benefits, arises in the following circum- stances. The contributions were originally fixed at rates

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