On the recordOctober 12, 1995
If I may, what will happen, the Medicare program would pay a figure, let us say $5,000, for each senior citizen in that community right to the hospital and doctor network. That would be, we would basically be paying the insurance premium for that. In exchange for that, the hospitals and doctors and surgeons and specialist say, ``We will meet all the health care needs of the seniors who sign up in our program.'' It is a great idea. It is innovative. You know, the hospitals and doctors like it because they leave the insurance companies out of the deal and save some money that way for them. The insurance companies are not wild about it, but it makes it competitive.
Source
govinfo.gov




