53. Mr. WORTHINGTON-EVANS
asked 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. MASTERMAN
The 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.
Will the right hon. Gentleman say what that amounts to, after the deductions from the 6s. per annum?