Word: limited
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Dates: during 1970-1979
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Federal interest rate ceilings limit the payout on their passbook accounts to 5% in commercial banks and 5.25% in savings institutions, which is less than half the current rate of inflation-and much less than a higher-roller gets for investing $ 1,000 or more in a money market mutual fund. The small saver's squeeze is summed up in a Citibank anti-ceiling advertisement: "Deposit $500 with us today and we'll give you back $475 next year...
Washington wants an agreement that will limit Chinese textile exports to the United States to protect the U.S. garment and textile industry from stiff Chinese competition and preserve American jobs...
...promote unnecessary hospitalization too. In the Miami area, a February survey found four times as many chronically ill Medicaid patients being treated in hospitals as in nursing homes. Dr. Gerard Mayer, who directed the survey, explains: "Medicaid in Florida makes such low payments to nursing homes that the homes limit the number of beds available to indigent patients. The catch-22 is that the patients wind up waiting in hospitals which are even more expensive" because Medicaid does pay nearly 100% of basic hospital costs, whatever they...
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...
...president of the American Hospital Association, calls the proposal so horribly complex that it would be "unworkable." Actually, a few of the bill's supporters, including Senator Kennedy, agree that there is a problem. Kennedy's subcommittee on health last week modified the Carter plan by increasing the voluntary limit to 10.9%, more carefully defining the conditions under which a hospital could be exempt from mandatory controls, and setting Dec. 31, 1984, as the date when controls would end, unless Congress acted to extend them...