HCMG 250 Lecture 1: Week 1 Notes

• School: UPenn
• Department: Health Care Management
• Course: HCMG 250
• Professor: Emmanueland Sandy

Document Summary

At least one quiz question will be part of the reading. 1954: revision to the internal revenue code health insurance excluded from taxable income; therefore, health insurance cheaper to have. Wealthier families gain more from tax exclusion because they have usually higher premiums. Lower income earners: less likely to have job with health coverage, less likely to participate in employer-based coverage plans because they don"t/ can"t pay for the premium. 1929: a group of dallas teachers set up a pre-payment plan with baylor university hospital to ensure the hospital would be paid. During depression, less people would come into hospital,so there"s insurance to make sure hospital gets some money. ); 21 days of hospitalization not enough if you got a heart attack back in the day. Hospital-based and community-based pre-payment plans grew and organized into the. Reserve requirement: minimum amount of money insurance companies need to have (proof that they can pay for people to the government)