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AimPoint Pension
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Compass
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Half a Century of the Health Care Crisis -- and Still Going Strong
Michael L. Millenson, in Health Affairs Forefront [Opinion] Sept. 12, 2018 "Health care costs had been an on-and-off concern for decades when, on July 10, 1969, President Richard Nixon proclaimed, 'We face a massive crisis in this area.' Without prompt administrative and legislative action, he added at a special press briefing, 'we will have a breakdown in our medical care system.' ... Leaders of what was then the Department of Health, Education, and Welfare (HEW) added ... that what the administration planned was nothing less than 'drastic measures' to cut costs and improve quality via 'revolutionary change in the medical care system.' That is what every single administration since then has promised, in one form or another, as national health expenditures have grown from 6.9 percent of GDP in 1970 to 17.9 percent in 2016[.]" |
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