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...freeze is a form of price control aimed at the estimated 30% to 50% of doctors who charge their patients more than Medicare's established fees. Like most private health-insurance programs, Medicare has payment schedules showing how much each procedure should cost. Until last week's action, a doctor could charge pretty much what he pleased. If he charged the Government rate, Medicare paid him 80% of the bill and the patient made up the remaining 20%. If he charged more, the patient gave the doctor the full amount and Medicare reimbursed the patient...

Author: /time Magazine | Title: Bitter Pills for Medicare | 7/9/1984 | See Source »

Vengeance is S & S's second attempt to market a dubiously documented story. Five years ago, a writer named Rinker Buck approached the company with the story. Buck and his Israeli informant were offered a $60,000 book advance, with $20,000 as down payment. But when Buck went off to Europe to check the facts, he found many discrepancies in the Israeli's account: "He was changing his story daily...

Author: /time Magazine | Title: Newswatch: Believing What You Read | 6/25/1984 | See Source »

...biggest single disbursement, $86,047.93, went to the law firm headed by Joseph Califano, an ardent Democrat and member of the Carter Cabinet. Califano says the payment covered his fee and expenses incurred in representing Alexander Haig, an old friend, at the Senate hearings that led to Haig's confirmation as Secretary of State...

Author: /time Magazine | Title: Final Accounts | 6/18/1984 | See Source »

...bank revealed last week the stringent terms that it had been forced to accept to receive an emergency $1.5 billion loan from the Federal Deposit Insurance Corp. The FDIC insisted that it have the power to fire Continental directors, that the bank suspend its 50?-per-share quarterly dividend payment and that the bank's officials refrain from giving themselves large severance bonuses, known as golden parachutes, in the event another financial institution takes over Continental...

Author: /time Magazine | Title: A Prickly Dilemma for the Banks | 6/18/1984 | See Source »

This is a gangster film, so the screen pulses with gunfire and garroting. There are scenes as sweet as one of a boy's bringing a charlotte russe as payment for his first sexual encounter, then greedily devouring his pastry when the girl takes too long to show up, and moments as gruesome as Noodles' back-seat rape of Deborah (Elizabeth McGovern), the only woman he ever loved. But America is, first and last, a European art film that rarely accelerates into the power drive of a slick Hollywood vehicle. Instead it tells its story in the form...

Author: /time Magazine | Title: Cinema: The Long and the Short of It | 6/18/1984 | See Source »

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