In order to seek to maintain profits, government must create extra demand, spending goes up and taxes follow.
With price increases hard to get, companies increasingly maintain profits by slicing labor costs.
Instead of reducing prices when demand fell, they cut production to lower their costs, thereby maintaining profits.
With price increases harder to get, corporate America often maintains profits by slicing labor costs.
And this in turn made it difficult to maintain profits in the economy as a whole.
But efforts by the Government to control medical costs have made it more difficult to maintain both profits and high-quality dialysis care.
"We maintain profits by raising prices rather than reducing costs."
"Insurance companies are trying to maintain profits by paying for fewer treatments if they can get away with it."
The extra revenue from selling these additional goods and services has helped to maintain profits without price increases.
Therefore, further progress is required to maintain profits and return the company to its previous levels of profitability,' it said yesterday.