Euro to cause German sickness fund losses:
This article was originally published in Clinica
With the advent of the Euro on January 1 2002, Germany's statutory health insurance funds are set to lose DM30 million ($14 million) in contributions each year. This comes as a result of a law, reports Deutsches Arzteblatt, which will round up the value of the Euro against the DM to facilitate a simple conversion. This means contribution schemes will remain user-friendly, as each DM2 value will be converted at a rate of Euro1, instead of at an actual rate, which is marginally higher.
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