ABSTRACT

This chapter provides a brief outline of the financial arrangements of some forms of social provision and discusses some of the problems to which they have given rise. The basis of insurance is the making of collective provision for an individual risk. Insurance has come to be accepted as the recognised framework wherever it can be established. The Unemployment Insurance system has been subject to more changes and more criticism than any other of the forms of social provision. It is the duty of the Unemployment Insurance Statutory Committee to take care that the Fund never again gets seriously into debt. With the exception of the tripartite basis, the financial arrangements of Health Insurance are widely different from those of Unemployment Insurance. The cost of Public Assistance varies not only in accordance with the numbers relieved but also according to the type of relief that is given.