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Hospital Costs #252588

CBS Evening News for Wednesday, Jun 15, 1977
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(Studio) Cost of hospital stays astronomical. president Carter suggests cost increases be held to 9% annually. Senate subcommittee to resume hearings on matter.
REPORTER: Walter Cronkite

(Los Angeles, California) Ralph Caranjello is recent open heart surgery patient. [CARANJELLO - hopes retail clerks' union to pay majority of hospital bill.] Hospital bill for his 16-day stay, $9,311.75; breakdown of bill outlined. Caranjello's union paid all bill except $7.20. National hospital bill $65 billion. Reasons for high hospital costs examined. [Former HEW official Stuart ALTMAN - says he looked for 4 years to find culprit for high hospital costs and didn't find one.] To cut costs, there can be competition or cuts by government of hospital budgets.
REPORTER: Richard Wagner

Cronkite, Walter;
Wagner, Richard

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