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" In no other realm of economic life today are payments guaranteed for costs that are neither controlled by competition nor regulated by public authority, and in which no incentive for economy can be discerned. "
The Future of Medicare--N.J.: Hearing Before the Subcommittee on Human ... - Page 80
by United States. Congress. House. Select Committee on Aging. Subcommittee on Human Services - 1983 - 219 pages
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Costs and Delivery of Health Services to Older Americans: Hearings ...

United States. Congress. Senate. Special Committee on Aging. Subcommittee on Health of the Elderly - 1960
...Somers' pointed out in their book Medicare and the Hospitals: "In no other realm of economic life today are payments guaranteed for costs that are neither...which no incentive for economy can be discerned." (Somers and Somers, Medicare and the Hospitals, 1967, p. 192.) Negotiated programs have also taken...
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The Insurance Industry: Hearings Before the Subcommittee on ..., Issue 1

United States. Congress. Senate. Committee on the Judiciary - 1970 - 5708 pages
...the utmost consideration. As the Somers' point out (p. 192), In no other realm of economic life today are payments guaranteed for costs that are neither...in which no incentive for economy can be discerned. Therefore, all of the authors' proposals — regardless of how strong or weak — should be given serious...
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