53. Mr. WORTHINGTON-EVANSasked what is the estimated cost of medical benefit under the National Insurance Act for each insured man and woman, respectively, over seventy years of age until death; and what reserve is to be made out of the weekly contributions payable up to seventy to provide for this benefit?
§ Mr. MASTERMANThe actuarial calculation of the cost of medical benefit is 6s. per insured person throughout life. The reserve at age seventy to provide for the future cost of seven-ninths of medical benefit at this rate is approximately £1 12s., and in the actuarial calculations provision has been made for the accumulation of this reserve in the case of every member surviving to seventy.
Mr. WORTHINGTON-EVANSWill the right hon. Gentleman say what that amounts to, after the deductions from the 6s. per annum?
§ Mr. MASTERMANI do not understand that there are any deductions.