Simon's HMO subsidy program is adopted as Medicare reform
Background: In an oped piece entitled A Modest Proposal for Medicare Reformers in the Wall Street Journal of September 22, 1995 (page A12) Julian Simon proposes an outright subsidy on HMOs as the fundamental means of Medicare reform. That is, there shall be no price controls on medical care delivery but the Federal Government shall subsidize ``high need'' patient contracts in the marketplace. He poses four conditions:
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