Independent Press-Telegram from Long Beach, California on January 4, 1959 · Page 17
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Independent Press-Telegram from Long Beach, California · Page 17

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Long Beach, California
Issue Date:
Sunday, January 4, 1959
Page:
Page 17
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Cost Climbs on Insurance for Health NEW YORK Wl -- Chance are you, your boss, or hot soon will be paying more fi your group health insurance. Main' pressure behind th upswing is a steady climb hospital costs for handling e erything from babies to ol iters. That's the concensus amon · officials of some leading insu Mice companies. · K. C. Foster of the grou ', -insurance division, Prudenti ! Life Insurance Co. of Americ Newark, N. J., puts it tli way: "We understand several the larger companies plan ra increases in hospital and surg cal insurance early in 195 Some of the others went up i 1958. "Hospital rates are going u year after year. The genera feeling is they'll continue to g up 5 to 7 per. cent a year fo a while." The uptrend in health insui ance rates affects many of th 121 million Americans--abou 70 per cent of the population-now covered by 'sickness an accident policies. That's 30 mi lion more than only five year ago. The Health Insurance Inst tute says around 4% billio dollars was paid in health car benefits by all insuring or ganizations during 1958, 14 pe cent more than in 1957. » * * * PICKING UP the tab wei employers, labor .unions, go\ ·ernrnent agencies and in man cases workers, who saw a slic ' of eacli paycheck deducted fo this purpose. The institute represents 26 private stock and mutual com paniRS, which write some 8 per cent of private health in surance business. It estimate half of its members raise group insurance rates 10 to 1 per cent over the past fiv years. More than 50 million per sons receive health coverag through two nonprofit con cerns, Blue Cross and Blu Shield, each actually a work of independent plans. * * * * BLUE CROSS rates wen up 18V? per cent in New Jer sey last July. During the yea they also rose in several othe: major cities, including Pitts burgh, Philadelphia and De troir. An evidence of the pressure for higher rates comes from private industry sources who say average health insurance costs in the past six month have run 51.12 to each $1 o premiums. Says Don Cody, group de partrnent, New York Life In surance Co.: "Hospital personnel is being upgraded. The rank and fill hospital worker is beginning to take his proper place in the world." Cody says some costs are going up because o f . publk. abuses but he adds, "Mostly it's a case of bona fide better care we have a marvelous medical profession and these things probably reflect an improvement in living standards." At Aetna Life Insurance Co. Hartford, Conn., T. H. Johnson vice president, says: "We recently increased our rates for comprehensive coverage. Unfortunately we can't see any plateau a h e a d in hospital costs." Hosmer Has Anti-Sample Postal Bill WASHINGTON tff) -- A bill designed to discourage mailing of sample merchandise--such as soap, cereals, patent medicines--is ready for introduction in Congress by Rep. Craig Hosmer (R-Calif). On the theory that such mailings irritate recipients, Hosmer's bill would require advertisers to affix gummed, pre- cancelled postage stamps or meter stamps on each individual package mailed in quantities of 25 or more. * * : V UNDER PRESENT procedures, package, may be mailed by obtaining a permit from tlie Post Office Department, printing the permit on the wrappers and paying postage according to total weight. Hosmer said Post Office Department officials cooperated in drafting the hill but may oppose its enactment if investigations disclose it would cause a loss of postal revenues. He urged postal patrons who object to receiving samples in their mailboxes to write their views to the House Post Office committee. Garry Had a Little Goat--- OTTAWA OTl-Garry Thomson has a little goat and it follows him wherever he goes. The boy's father bought the goat for slaughter, but Garry pleaded for the animal's Jife. Police ruled the goat doesn't need a license to roam the city streets, since It follows Its 13-year-old master without a leash. IN*, am, tmtn. imuwr 4, i«5» INDEPENDENT-PRESS-TELEGRAM--A-17 PB S^'itex A store-wide fiesti of buys that only a store the size of may co. could malce. Big deals mean going into the market at the right time, with big money to pick top merchandise for sale at bottom prices. 51.00 kroehler *smat*tset 9 279.00 330.00 value You have seen it in all the recent leading national magazines; Life, Saturday Evening Post, etc. . . now May Co. brings the biggest deal of a l l . . . we, who are Kroehler's largest customer in the west, asked for something really .big for you, the Kroehler company took their 1959 current "smart-set" model and slashed enough from the cost, to enable us to bring you these healthy savings ...and check these features! · airfoam zippered cushions t brass feruled legs · famous krochlcr "plus built" construction · handsomely shaped base panel tieing in detail with back and arm . frosted stripe fabric, random boude texture "scotchguard" treated for repelling soilage · covered to your order in paprika, turq., gold, brown, black, toast, green. farnitute, fourth floor lees ail wool Itilo broad loom james lees all-wool fii-Io solid color broadloom sq. yd. 10.50 value Lees, one of the most famous names in rug-dom, and now in our big deal event, hilo textured b'roadloom at just 7.99 sq. yd. Woven of fine selected imported wool yarns in heavy quality construction; permanently mothproofed by Lees too; extra bonded, double duty all jute back. Here is that bark effect you've always wanted, and in those heavenly lees colors, ocean green, beaver, bisque, beige, fr. caramel. 12 ft. widths only at this price. Rags, Third Floor 9x12 cotton plush pile rug (including pad) 24.00 BOTH 3.5.00 value Textured cotton plush pile rug. Washable with tufts anchored in latexed back long wearing cotton in smart decorator colors. Rug in cleat plastic bag to insure freshness. Price includes pad. White, aqua, sandalwood, bud green, grey, dusty rose, antique gold. for that extra special mm/ co. service call our carpeimbbile For right to your door service; our carpetmobile will come to your door, with xpert advice, color samples, to tak« measurements, and give on the spot estimates. It's the easy way to shop. j{£ 3.0111 Ext '370 371 SHOP ALL DAY MONDAY 9:30-9:30 FASHIONS A LA ROSHNFEI.D * June in January fashion showing of delightful spring dresses and costumes designed by mr. henry roscnfcld. modeled informally in our misses' sportswear department, the fashion collection will spotlight a blush of spring greens, massed florals, floating and the young look mr. roscnfcld has made famous. MONDAY, JANUARY 5, 2 until f--7 until 9 hay winditur fashion xliow Come to the Mardi Gras . . . a fashion showing of spring into summer cottons by Kay Windsor, in May Co. Lakewood's Second Hoot Daytime Dresses Dcpt. on I'riday, January 9th at 7:30 p.m. Throughout the day, these lovely fashions will also be shown informally.in the department. A Kay Windsor dress will be given away free! MAY CO. LAKEWOOD, 51(10 LAKEWOOD BLVD. STORE OPENS DAILY AT 9:30 A.M. SHOP 3 NIGHTS, MOM., THURS., FRI., 9:30 TO 9:30; TOES., WED., SAT., 9:30 TO 5:30

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