Analysts Unnerved by Clinton's Cap on Health-Care Spending

By Chi, Judy | Drug Topics, December 14, 1992 | Go to article overview

Analysts Unnerved by Clinton's Cap on Health-Care Spending


Chi, Judy, Drug Topics


It's no secret that Bill Clinton was not Wall Street's odds-on favorite for President. So, not surprisingly, when the New York Society of Security Analysts invited two members to speak on the post-election outlook for the pharmaceutical and hospital industries, they didn't have too many nice things to say.

According to Ron Nordmann, senior analyst at PaineWebber, Clinton's plan to control health-care spending through managed competition contains many flaws. Under the plan, a cap on health-care spending would be administered by a national health board. Nordmann feels that this could lead to price controls on physicians and hospitals, rationing of health care, a slowing of medical innovations, and reduced access to the technology Americans now take for granted.

Clinton's plan also envisions health care as a right for everyone; as yet unclear, criticized Nordmann, is how this plan will be financed. How will the government make up for the loss of revenues from granting tax credits to small employers so they can provide health insurance for their employees?

Finally, Clinton's proposal, as it now stands, moves away from the concept of a national health-care insurance bill, Nordmann observed. So it could be opposed by liberal members of Congress. won't get a clear picture of Clinton's health-care reform plan until he submits his request for health-care spending in the fiscal 1994 budget. So true health-care reform is probably years away, he believes.

Like Nordmann, John Hindelong, senior analyst at Donaldson Lufkin & Jenrette, doesn't think much of Clinton's managed-competition approach. With a national board determining how much we can spend on health care annually and allocating it on a state-by-state basis, that's going to "ensure civil war," he contended. What it comes down to is, if your grandma lives in Maine, she may be taken care of, but if she lives in Rhode Island, she may not, he warned.

Hindelong said there are two key issues facing Clinton: how to control runaway health-care costs and provide access to those who don't have this benefit. Of the two, the access problem is easier to address than cost, he believes.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Analysts Unnerved by Clinton's Cap on Health-Care Spending
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.