Word: planned
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...nation's growing army of oldsters, most of whom cannot afford health insurance, a plan was offered last week by the A.M.A.'s Council on Medical Service. Patterned after programs now available only in limited areas under local Blue Shield auspices, it would encourage a nationwide system of low-cost, prepaid voluntary health insurance for oldsters below a certain income level (not yet determined). To make the plan work, physicians must agree to accept lower-than-usual fees for their services to such patients. The all-powerful House of Delegates approved the plan unanimously, thus put the A.M.A...
...only friend the hapless suburban commuter had last week was a bold, brainy lawyer who started in the railroad business a mere four years ago. The man: Ben Walter Heineman, 44, chairman of the 9,096-mile Chicago & North Western Railway, which inaugurated a new commuter plan that could well,serve as a guide to troubled roads across the U.S. They sorely needed help. Last week the Lehigh Valley Railroad moaned that it was going broke from its $4,000-$5,000,000-a-year passenger deficit in commuter-heavy New York, New Jersey and Pennsylvania, said it would...
...train only when weather is bad, but drive their own cars to town when the weather is good. Well, if they want a $1,000,000 piece of equipment to be waiting at the station for them every day, they had better pay for it every day." The Heineman plan aims to turn the fair-weather riders into faithful, fulltime riders. To do it, the North Western more than doubled prices of one-way tickets for close-in riders, thus making it costly to be an irregular, close-in commuter. But it scaled down the increase so that there...
SOME veterans of the tradition-bound railroad industry are wagering that Ben Heineman's commuter plan will fall flat-and a few are quietly hoping it will, since Heineman is not one of their up-from-the-roundhouse breed. The son of a wealthy Wausau, Wis. lumberman who went broke in the Depression, Heineman studied law at Northwestern University ('36), set up practice in Chicago. In 1954, invited in by dissident investors, he won an acrimonious proxy war for control of the little Minneapolis & St. Louis Railway, boosted earnings fast. In 1956, with one-third of its stock...
...many another railroad. In the first six months the North Western lost $2,322,000. But then the North Western turned around, brought in ten-month earnings of $3,440,000-despite the $2,000,000-a-year commuter deficit. So confident is Heineman that his new commuter plan will turn red ink to black that he has ordered 36 new, air-conditioned, 161-passenger commuter coaches at a cost of $5,600,000. Says Ben Heineman: "If we can provide a fast, reliable, comfortable ride, then people will ride the suburban railroad, and read the papers and relax...