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German Health-Care System’s Surplus Is Rising, Die Welt Reports

July 5 (Bloomberg) -- Germany’s public health-care system will increase its surplus this year, spurred by the country’s economic growth, Die Welt said, citing the agency that supervises the nation’s social-security systems.

The fund will have an estimated surplus of 23 billion euros ($28.8 billion) at the end of 2012, the newspaper quoted Federal Insurance Agency head Maximilian Gassner as saying. Saarland state, which is governed by Chancellor Angela Merkel’s Christian Democratic Union, plans to propose legislation to maintain the surplus and prevent lawmakers from lowering payroll deductions for health care, Die Welt says.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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