Word: payment
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...MEDICARE. Some 19 million Americans aged 65 or over would be eligible for 60 days of free hospital care (after an initial $40 payment), stay thereafter at $10 a day. They would also be covered for 175 visits to clinics or house calls by nurses, therapists or interns. Cost: $2.6 billion a year, financed by a separate payroll tax starting at .325 of 1% of wages and rising to .85 of 1% by 1987. In addition, a voluntary, Government-subsidized program costing subscribers $3 a month would cover 80% of doctors' bills (after the first $50) for the elderly...
...knows for sure when he was born, or even when he died. Historians passed him by, and the only accounts he left of his own life are nagging reminders of the difficulty he had collecting payment for his paintings. One can perhaps forgive his age for slighting Girolamo Romanino. It was, after all, in love with Raphael, Leonardo, Titian and Michelangelo...
...that "a free man shall be fined only in proportion to the degree of his offense," and required that no fine be so stiff "as to deprive him of his livelihood." Chapters 28 through 31 insisted that no government official might requisition food, troops, horses or carts without immediate payment: this is the seed of the "just compensation" clause in the Fifth Amendment of the U.S. Constitution...
Personal & Business. The fastest-expanding area is auto credit, now at $25.4 billion. Ten years ago, the typical car buyer made a down payment of 30% and carried the balance over 28 months; today he puts down only 25% and finances the car over 32½ months. Personal loans, like the kind Lyndon Johnson took out to help pay his income taxes, have also risen sharply, to $16.5 billion. Revolving credit in department stores, now $2.5 billion, has doubled since 1961. Credit cards still account for only $633 million, but are climbing by 20% a year...
Hundreds of Haupt's customers crowded into its 15 offices, demanding the return of the stocks that were held on account in the brokerage firm. In many cases, their stocks were held in Haupt's name, and the bankers were legally entitled to take them in payment for loans made to Haupt. The New York Stock Exchange, fearful that the scandal would shake the public's trust in the market, put up $9.5 million to pay off Haupt's anxious customers. The New York Produce Exchange halted all trading in cottonseed oil. Tino's major...