RMI 3501 Chapter Notes - Chapter 7: Health Insurance Portability And Accountability Act, Managed Care, Prescription Drug
16 Oct 2016
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Development of medical expense coverage: birth of the blues. The great depression paved the way for organizations that would later be called. By the 1940s, the blues were the dominant hc provider: early hmos. First hmo: ross-loos clinic founded in la in 1929. Hmos were only a small part of the market for medical expense coverage until the last three decades: early efforts of insurance companies. 1930s: insurance company tried competing with the blues. Company became successful in competing with the blues when they released a new product: By 1950 insurance companies surpassed the blues in premium volume and persons covered: the 1960s era of government involvement. Most of the growth during this period was er-sponsored plans. Gov"t started offering health insurance programs for the elderly and poor. Medicare people 65 and up: financed by: gov"t revenue, premiums of medicare beneficiaries, and taxes for ers and ees.
