Word: cared
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Dates: during 1990-1990
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...Care for a used dictator, courtesy of the Vatican? Not if he is Manuel Antonio Noriega, replied leaders of Spain, the Dominican Republic, Nicaragua and perhaps other nations last week. None wanted any part of the busted Panamanian strongman, accused drug dealer and alleged black-magic practitioner. Only Cuba showed even a grudging interest in enabling Noriega to leave the Vatican embassy in Panama City, where he had taken refuge from invading U.S. troops on Christmas Eve. "We wouldn't do it for Noriega the man," said a Cuban diplomat. "This would be our way of standing up for nonintervention...
Barbara Connell heads the Daystar Care Center, a nursing home in Cairo, Ill. Her father-in-law, 85, suffers from congestive heart failure and must spend $190 a month on medications, including the diuretic Lasix, produced by West Germany's Hoechst-Roussel. The senior Connell's income from Social Security totals just $350 a month, and since Medicare does not cover prescription costs, he has begun drawing on savings to pay his pharmacy bills. "If he didn't have those savings, he'd really be in bad shape," says Barbara...
Even so, pharmaceutical profit margins are on the rise, often by substantial amounts. Some stock analysts predict that earnings for major U.S. drug companies will climb as much as 15% annually over the period from last year to 1991. Although prescription drugs account for less than 10% of health-care costs in the U.S., pharmaceutical expenses are growing at twice the rate of other medical expenditures...
...SmithKline Beckman ($3 billion) merged with Britain's Beecham ($3 billion); Merrell Dow ($1.3 billion) of Midland, Mich., merged with Marion Labs ($752 million) of Kansas City. "Pharmaceuticals is the one industry in which the U.S. firms are the biggest and growing the fastest," says Jay Silverman, a health-care analyst at the Nomura Research Institute in New York City...
...provide medical coverage for members at a fixed fee, HMOs control pharmacy expenses by using only the most cost-effective drugs and demanding discounts from manufacturers. In 1984 less than 4% of employees surveyed by the Health Insurance Association of America were enrolled in such health-care plans. By 1988 the percentage had risen...