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- Health insurance was created to protect workers and employers from the financial loss caused by illness and injury12. The earliest health insurance policies were mainly for income replacement, as long absences could disrupt the production of manual labor1. As medical knowledge and practice improved, health insurance also covered the cost of medical care and treatment2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
The earliest health insurance policies were designed primarily to compensate for income lost while workers were ill. Long absences were a big problem for companies that depended on manual labor, so they often hired doctors to tend to workers.
stanmed.stanford.edu/how-health-insurance-chang…Insurance, broadly speaking, is designed to protect someone from loss and has been used in different forms since the second millennium BC. As medical knowledge became more advanced it also became more valuable. Medical practitioners soon moved from practicing medicine in their homes to a centralized medical practice.
healthncare.info/history-healthcare-insurance-unite… - People also ask
American healthcare history: A timeline on the ... - HealthMarkets
In 1961, President Kennedy started the groundwork for health insurance for seniors and four years later, President Johnson signed the legislation that created the Medicare system. In 1972, the disabled under age 65 and people with end stage renal disease became eligible for Medicare benefits. In 1993, … See more
In the 1890s, lumber companies in Washington paid physicians to provide care for their workers. It was the earliest beginnings of what … See more
This is the point in American healthcare historywhen insurance started to become a talking point in the country. In 1912, President Theodore Roosevelt and his Progressive party … See more
The Medicare Drug, Improvement, and Modernization Act passed in 2003, which created Medicare Part D prescription drug benefits. Additional Medicare legislation in the same year created Health Savings Accounts. Massachusetts and Vermont enacted legislation in … See more
The Great Depression increased the focus on the need for health insurance. Henry Kaiser arranged a fixed rate of care for his aqueduct workers … See more
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Supplemental Security Income rules can limit the people the
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