Die obligatorische Krankenversicherung

Bibliographic data

Monograph

Identifikator:: 176840707X

URN:: urn:nbn:de:zbw-retromon-149526

Document type:: Monograph

Title:: Die obligatorische Krankenversicherung

Place of publication:: Genf

Publisher:: Internationales Arbeitsamt

Year of publication:: 1927

Scope:: 892 Seiten

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Zweiter Teil. Leistungen

Collection:: Economics Books

APPENDIX A. 34.3 values and about £7,000,000 by cash.* The application of these sums in the manner required by the regulations will reduce the reserve values from £52,000,000, as above stated, to about £35,000,000, and this is the sum for the service of which (interest and redemption) the new Sinking Fund ”’ contribution must provide. As we have already indicated, we see no reason to increase the rate of interest credited on Reserve Values or to arrange for a shortening of the redemption period, which is estimated to extend to about 30 years (apart from any shortening attributable to the transfer of future balances from the Reserve Suspense Fund), and we find, therefore, that the part of the weekly contribution retained for the service of reserve values may be reduced from 1d. to "65d. in the case of men and from ‘9d. to ‘58d. in the case of women. These reduced amounts are related to the reserves required for the present benefits. As we shall show later, certain additions will have to be made to them should any charges be introduced of a kind which requires. the creation of further reserve values. 27. We referred in para. 3 to the possibility of revising the contribu- tions payable to the Contingencies Funds of the Approved Societies. These contributions are at the rate of five-ninths of a penny per week in the case of men and two-fifths of a penny in the case of women, and their annual produce is about £1,400,000. The Contingencies Funds were established in 1918, with retrospective effect, under a recommenda- tion of the Departmental Committee on Approved Society Finance and Administration, and their primary purpose was to provide the societies with the means. whence valuation deficiencies of moderate amount might be met from their own resources, thus obviating the necessity for appeal to the Central Fund save in cases of serious insolvency. This purpose has not only been fully served ; the cases of deficiency have been relatively few and the bulk of the sums becoming available through the Contin- gencies Funds has been applied to augment the surpluses distributable under schemes for additional benefits. We regard a marginal provision of the kind made by the Contingencies Funds as of great value, especially in the case of small societies and branches, but its extent must be a matter of judgment and the experience gained by the opera- tion of the system since 1918 leads us to think that the present contribu- tion to these funds may safely be reduced without imposing a serious strain—from either the financial or the administrative point of view— upon the Central Fund. In advancing this view we are influenced to a considerable extent by the fact that as regards the small societies and the branch type of organisations the Act provides for pooling the Contingencies Funds either partly or wholly, thus providing these units with a measure of protection against financial strain far exceeding that afforded by their own individual resources. On the other hand we are compelled to recognise that the imposition of the contemplated new charges on existing resources will, unless other provision 15 made, entail a considerably greater charge on Contingencies Funds to meet deficiencies in the future than that experienced in the past, but we propose to deal with this important point as a separate question. Assuming that the recommendation which we shall make under this head is accepted, we consider that the weekly contribution to the Convingencies Funds may properly be reduced to one farthing, both for men and for Women. Incidentally, we thus advise the abrogation of the present difference between the contributions of men and of women to the Con- tingencies Funds. In a large number of cages men and women are insured * "hese figures must not be taken as an index of the amounts of surplus likely to accrue to the Reserve Suspense Fund in future. The income of this Fund is derived chiefly from transfer values and as the result of (i) the limitation of sickness and disablement benefits to the age of 65 instead of 70 and (ii) the substitution of 4 per cent. for 3 per cent. as the basic rate of interest, transfer values will be materially reduced. Further, a considerable part of the present balance of the Fund is due to the abnormal industrial conditions set up by the War which brought a large number of perso. s temporarily into employment. mA 1 /70)9 nO i.

Access restriction

Copyright

fullscreen: Die obligatorische Krankenversicherung

Monograph

Chapter

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation