Word: iras
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...rare interview, White House health-care adviser Ira Magaziner met with TIME correspondents Michael Duffy and Dick Thompson for an hour last week to discuss his proposals. Some excerpts...
Clinton is determined to build tremendous flexibility into the plan, so that states can develop their own systems and patients can have a reasonably wide choice of doctors and hospitals, said Ira Magaziner, the White House health- care adviser, in an interview with TIME. "It's just too diverse a country. If you try to put one template on the country, it will be too bureaucratic," said Magaziner. "We also think that it helps, when you're trying something new like this, having different states do it somewhat differently without pushing the whole country in some direction. As much...
...emerged on the likely shape of the plan that Clinton's health-care task force will present next month. For instance, while Medicare will continue to cover retirees already in the program, in the future elderly Americans will be covered by the new plan instead. White House health adviser Ira Magaziner also disclosed that the plan would probably be financed by a payroll tax split between employers and workers...
Neither of these accomplishments is truly an action. Both are deliberative, internal to the policy formulation process. In short, they are instrumentalities to future action. Hillary Rodham Clinton and Ira C. Magaziner can brainstorm until the cows come home, but nothing will happen without a sedulous effort to realize whatever ideas they generate...
...loss plus an additional, mouth- watering 50%. (These things happen too.) Had someone just bought the S&P 500 and held it for five years -- someone like Citibank -- he'd have got that mouth-watering 50% appreciation plus five years' dividends. Not bad. But had someone rolled his IRA over into Citi's Stock Index Insured Account, he would have got . . . zero. (In calculating the average, the first 48 bad months would have more than canceled out the final 12 great months.) His principal would be safe, but it wouldn't have earned a dime...