Word: effect
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Dates: during 1970-1979
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Katherine P. Evans '79, a Radcliffe class marshal said yesterday, "Many people were aware of this (the substitution effect) from the beginning...
...marshals also said they were aware from the beginning of the limited effect Eastman said the fund will have...
Substitution Effect...
Once the mandatory controls are in effect, the Government would have the power to require that the fees received by hospitals from their bed patients be limited by a complex formula based on general inflation, local wage levels and each hospital's efficiency. The Government would order Blue Cross, Medicare and Medicaid not to pay a hospital more than the specified increase. Hospitals would be required to set aside part of the payments they received from private insurance companies. If these payments exceeded the prescribed limit, the hospitals would have to reimburse the insurers. If they failed...
Frady, son of a Southern Baptist preacher and author of a shrewdly vivid biography of George Wallace, approaches Graham with a complicated and sympathetic understanding. He also lavishes upon Billy an extravagantly garish prose style, a hot-wired Southern lushness of phrase and fluorescence of effect that would be insufferable were it not so accurate, so funny and, sometimes, so moving...