Although the U.S. Government has increased its annual investment in health from $6 billion to almost $14 billion in a mere three years, that is still not enough, President Johnson said last week. He sent Congress a health message that calls for an estimated increase to $15.6 billion in fiscal 1969, at the same time declaring, "It is appropriate that the Government—which pays more than 20% of the nation's medical bill—take the lead in stem ming soaring medical costs."
In explaining that paradox, Johnson noted that health costs may zoom by 140% in the decade that began in 1965. While...