of Cost Containment
in the Private Sector
MARVIN ESCH, American Enterprise Institute: On behalf of Bill Baroody, I extend greetings to each of you. AEI is an independent, nonprofit, nonpartisan public policy research organization, which receives grants from foundations, individuals, and corporations to do its research. We believe very strongly in the competition of ideas and that by bringing together people of differing views who have responsibilities for developing public policy, we can make a significant difference to the future of our country.
In 1974 AEI established the Center for Health Policy Research to coordinate studies and activities in the broad area of health policy. Under the able leadership of Jack Meyer, this program is now focusing on the question of the containment of health care costs, which Dr. Meyer has described as "the next social security time bomb of our public policy discussion." Today we have representatives of the providers, the insurers, and the users of health care, which will give us an opportunity to focus on the issues and on the directions we might take to provide adequate health care for all our citizens while recognizing that our resources are limited.
JACK A. MEYER, American Enterprise Institute: I, too, welcome you to the fourth in a series of seminars launched in January by our Center for Health Policy Research. The seminars are conducted under a grant from the Pew Memorial Trust, and we are very appreciative of their support of our seminars and research.
An earlier series, on the subject of market-oriented or incentives based reforms in federal health policy, culminated in a book published earlier this year-an analysis of such proposals in federal health care policy, including major arguments in support, criticisms, and practical problems of implementation of these kinds of approaches. This current series, which runs through May 1984, focuses on local innovations in health care delivery and finance, in both the public and the