Word: gross
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Dates: during 1970-1979
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...David Gross berg Houston...
...bill at a special White House press conference last week. He cited an alarming statistic: only ten years ago, a patient paid $533 for an average stay in a hospital; the average hospitalization now costs $1,634. An HEW study found that Americans spent less than 3% of the gross national product on health care at the turn of the century, now spend 9% and, at the current rate of increase, will be doling out 12%, or $1 trillion, annually by the end of the century. The cost of hospital care over the past ten years has risen more than...
...least hold its own, while Chrysler and AMC will probably lose ground. The bigger the company, the less trouble it will have meeting the standards. GM last year sold almost half of all the vehicles bought in the U.S. and registered sales of $63 billion, roughly equal to the gross national product of Switzerland. GM is able to spread fixed costs across a much greater volume than its competitors can, and it can spend more for experiment and developing new hardware. As Chrysler President Lee lacocca notes: "At Chrysler, if I had three potentially big-selling cars, I would have...
...continue this fragmentation is gross irresponsibility on the part of the public officials of America," Andrus added. "It must stop soon," he said...
...facilities to the greatest extent. The third-party reimbursement system and the flood of federal dollars into medical care have combined to cause explosive growth. The health care industry has tripled in size since 1970; total expenditures now exceed $200 billion per year, almost 10 per cent of the gross national product...