Word: hmos
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Dates: during 1971-1971
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...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...