Business: Ii FOR INDUSTRY-

Needed: Broader & Higher Health Benefits

IN 1953, the most prosperous year in U.S. history, some 3,500,000 families found themselves in serious finan cial straits. The cause was the high cost of sickness, which for those American families ran between 20% and more than 100% of their annual income. For industry, sickness is also costly. Some 500 million man-days are lost each year because of injuries and illnesses. The total loss in wages: $9 billion.

On top of that, efficiency and morale of workers are often low because of their worry over how they will pay doctor and hospital bills. Says Eastman Kodak's...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!