It's a report from Walter Cronkite and Daniel Schorr on the national health insurance program Richard Nixon proposed in 1971, as a compromise to the Democratic proposal for a single-payer system. Among other things, under the Nixon plan, employers would have been required to provide health insurance for employees; the poor would have received government aid to purchase insurance; medicare premiums would have been dropped for certain individuals; and the self-employed would have had access to group plans, so insurance would have been affordable group coverage rather than the extremely expensive single policies.
With the help of unions, Teddy Kennedy killed it because he was absolutely certain he would be able to get single-payer coverage passed real soon. The Kennedy plan would have covered approximately 70 percent of an individual's health costs, at the cost to the federal government of billions. Keep in mind, that was billions in 1971 dollars.