Word: hmos
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Dates: during 1970-1979
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According to Robert L. Biblo, president of the Health Plan. HMOs help reduce health costs by keeping people out of hospitals. They offer regular check-ups, immunization and nutritional counseling as part of the basic program for a fixed monthly fee. HMOs thus encourage members to keep a check on health problems before they become serious, Biblo said yesterday. With traditional insurance programs these preventive health measures are not covered and must be paid for by the member...
...July Federal Trade Commission report indicates HMOs not only provide cheaper health care to their members but also apply competitive pressure to other insurance agencies. This pressure forces other programs either to make their health packages more comprehensive or to reduce their premiums...
Significantly, the FTC found Blue Cross maintained its lowest ratio of hospital days per 1000 members where HMOs have the greatest share of the market. The implication drawn by the report is that Blue Cross did indeed respond to HMO competition by including preventive care in their packages and thus keeping their members out of hospitals...
...ceremony certifying the Harvard Community Health Plan, Senator Edward Kennedy '54 (D.-Mass.) described HMOs as "an important model for the development of future national health insurance programs." The Harvard Plan "has demonstrated that high quality health care can be provided at a reasonable cost, unnecessary surgery can be eliminatedand hospitalizations can be reduced if preventive care is given," Kennedy said
...encourage efficiency, the Nixon bill would set aside a fund of $23 million for grants to groups of doctors willing to establish prepaid health-maintenance organizations (HMOs) like the Kaiser-Permanente Health Plan, which operates in California, Oregon, Hawaii, Colorado and Ohio. Another $100 million would be allocated to help medical schools train more doctors. Total cost: $3 billion a year in new federal funds, $2 billion in lost tax revenues, about $6 billion from business and industry. The insurance companies, however, might not regard the bill as a bonanza. Though the industry's overall profits are high...