Word: presentational
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Dates: during 1970-1979
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Another threat is OPEC. Some of the economists expect the oil cartel to go on raising prices from the present average $16.40 per bbl. to about $18 by year's end. Higher fuel costs would both fan inflation and be an added tax on Americans' disposable income, thus prolonging the recession. Otto Eckstein, chief of Data Resources Inc., the economic analysis firm, favors putting a strict limit of 7 million bbl. per day on petroleum imports, which now average about 8 million bbl. daily; mandatory limits would probably result in gasoline rationing. Okun and other board members would...
...spending 35 to 44 group. The number of Americans in this bracket will jump from 28 million to 40 million by the end of the decade, and they will be pocketing $1 out of every $4 in personal income, up from $1 of every $5 at present. By 1990 the average household income for people in this group will be close to $30,000 in real terms, and their total spending power will have grown by 70%. Because of their numbers and affluence, the aging baby boomers are being avidly courted by sellers of all sorts of goods and services...
...bills, physicians' fees, lab tests). That amounted to 5.9% of total spending for all goods and services. Since then the bill has increased by 429%. This year the total is expected to reach $206 billion, or 9.1% of the gross national product. The White House estimates that at the present rate of increase, medical costs will double every five years, a rise far in excess of inflation. Says Dr. Richard Corlin, president of the Los Angeles County Medical Association, with only mild hyperbole: "We are now in a position to spend the entire national bud get on medical tests...
...White House and Kennedy contend that public sentiment is building irresistibly for the eventual enactment of some kind of universal health insurance plan. The present programs vary wildly but have one thing in common: the costs keep rising...
...like to see a system of incentives?say, if we saved money, that money could be split between the insurer and the hospital." Califano and some state regulators also are launching a drive to require that a majority of the directors of any Blue Shield plan be laymen. At present, many Blue Shield plans are dominated by doctors, who, to put it delicately, have no great zeal to question fellow physicians' fees...