1850 First Health Insurance - the Impact on Healthcare, Access, Technology, and Reimbursement
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Both physicians and hospitals were unregulated. When patients saw a physician, they paid their modest fees out-of-pocket; they were more concerned about the wages they would lose if illness kept them out of work than about the cost of their medical care.
Funding for Medicare comes from payroll taxes, income taxes, trust fund interest, and enrollee premiums for Part B. Medicare has grown from serving 19.1 million recipients in 1966 to 39.5 million in 1999 (Henderson 2002, p. 425).
Henderson, James W. Health Economics and Policy, second edition. Cincinnati: South-Western, 2002.
The Insurance Monitor. Walter S. Nichols, editor. 67, no. 7. (July 1919).
Marmor, Theodore R. The Politics of Medicare, second edition. New York: Aldine de Gruyter, 2000.
McDavitt, T.V. “Voluntary Prepayment Medical Care Plans.” Journal of American Insurance, December 23, no. 2 (1946).
Numbers, Ronald L. Almost Persuaded: American Physicians and Compulsory Health Insurance, 1912-1920. Baltimore: Johns Hopkins University Press, 1978.