Word: costing
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Dates: during 1970-1979
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...dustup had its serious side: the increasingly acerbic Carter-Kennedy rivalry is coloring important national issues. Last week's example was the key question of how the nation can extend adequate health care to every American at something resembling an affordable cost...
...family with at least one member employed would have to pay more than $2,500 a year in total medical expenses. Employers would have to provide a standard package of medical-insurance benefits for workers and their families, and pay at least 75% of the cost. Employees would pay the rest, but federal subsidies of $1.6 billion would hold down premiums for both workers and bosses...
Carter was making news, but Kennedy's shadow loomed over the occasion. The President's aides estimated that the Senator's comprehensive plan would cost a staggering $63.8 billion a year to the Government and employers, just for openers. It makes more sense, said Carter, to make a start with a less sweeping plan. HEW Secretary Joseph Califano observed that there was no more chance of getting a program like Kennedy's through Congress "than putting an elephant through a keyhole...
...plan, Kennedy said, would cost Americans "only" $35.7 billion a year net; he arrived at that figure by subtracting from the federal and employer tab of $63.8 billion the sum of $28.1 billion which he claims the nation would save in medical bills. On the same basis, Carter's plan would save $6 billion, reducing its net cost to $18.3 billion. The Senator claimed that the eventual cost of the fuller scheme that the President promised to work for would be $60 billion a year...
...Deep Tunnel, as it is known, has turned into a bottomless pit. The deeper it goes, the more money it costs, and the sharper the questions about the wisdom of the venture. The excavation, which is about 10% dug, is useless unless it is finished. But it will take the next 20 years to complete and cost $11 billion. What's more, it cannot operate without an additional $1.6 billion in hook-up costs for the 150 communities involved, and they do not have the money...