Word: curbed
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Dates: during 1980-1989
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...number of states, and in private and community hospitals, efforts are under way to curb costs as much as possible. At the Nashville-based Hospital Corporation of America, which operates some 360 hospitals across the U.S., officials now cut costs by buying everything from adhesive bandages to building steel in train-and truckload bulk quantities. For H.C.A.'s average 200-bed hospital, that means annual savings of $400,000 to $500,000 in operating costs...
...dilemma that far transcends individual states or health organizations. Congress, however, has been unable to agree on a plan of attack. In 1978, the legislators rejected a cost-containment drive led by former Health Education and Welfare Secretary Joseph Califano. More recently, President Reagan himself campaigned on promises to curb health-care costs by 1982, but his Administration still has not produced a comprehensive program...
...worth the paper they are written on. Says he: "These resolutions are simply the first and easiest step of the budget process and have never-I repeat, never-been lived up to." That sounds cynical, but Congress proved the point last week. Even as it was struggling to curb spending, Congress decided to appropriate an additional $3 billion that was intended to help bail out the housing industry. The measure was promptly vetoed by Ronald Reagan...
...Congress moved to insulate the Fed from political pressure and passed a law removing the Treasury Secretary from the board. Even so, the board still tended to follow the presidential lead. When Dwight Eisenhower took office in 1953 on a promise to curb inflation, the Fed cooperated; money growth averaged only 1.8% a year during Ike's terms. When Lyndon Johnson later on needed easy money to help finance the Viet Nam War along with his Great Society domestic programs, the board once again cooperated; by the end of L.B.J.'s tenure, money growth was spurting...
...possibly the survival, of his government was hanging on the success of those efforts. Coming only eight months after an 8.5% devaluation against the mark, last week's realignment was the turning point in the 13-month-old attempt by the Socialist government to spur economic growth and curb unemployment through government spending-an approach diametrically opposed to that of the Reagan Administration. Said Yvon Gattaz, the peppery president of France's National Council of Employers: "No developed country can, without damage, go against the anti-inflation policies practiced in the rest of the world...