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AARP Dental Insurance
If you have never heard of AARP dental insurance then now is your chance to learn about the best dental insurance available to you today. AARP dental coverage is one that offers their clients many great advantages and benefits. This company...

How An Insurance Company Makes Money
I worked in the insurance industry for 16 years and saw first hand how profitable an insurance company can be. I will not attempt to go into the nitty gritty details but I will give you a pretty good idea in the form of an overview, how...

Is Mortgage Life Insurance A Good Buy?
Buying a house is one of the most expensive things most people will ever do. With the average home in the United States now costing more than $200,000, it will take a half a million dollars to buy it outright once the interest on the loan is taken...

Navigating Insurance For Students And Searching Out The Right Financial Solution For UK Parents
Students are often portrayed as being lazy, indolent, or, perhaps most damningly of all: scruffy. But today's students are often more active and involved than their parents, and they demand the rewards that come with this behaviour. Valuable pieces...

Very Cheap Car Insurance - It Exists But You Have To Know What To Ask For
When someone tells you that they have very cheap car insurance then you need to be cautious. What kind of insurance profile does that individual have that would give them the benefit of very cheap car insurance? People will often complain about...

 
Health Insurance History

A brief history of health insurance coverage reveals that in the aftermath of World War II, the US government sought to provide maximum benefits to the populations in her efforts to reduce the burden otherwise incurred on rise in wages. This policy continued for a number of years, until the introduction of relevant laws in 1950 to provide Medicare for the needy populations of the state.
This was also the first time that the government participated in any form of financing health care on behalf of the populations, and this was accomplished through direct payment to the various health care providers including doctors, physicians and hospitals.
The US government also introduced the famous "Medical Assistance to the Aged" legislation in the decade of 1960s, opening doors of medical assistance and other health care services to the elderly and poor populations though putting restrictions on the extent of medical expenses.
This was followed by the passage of legislation for the establishment of 'Medicare and Medicaid Programs' in 1965 making a part of the Social Security Act. Responsibilities of these programs was entrusted to the Department of Health, Education and Welfare, all of who are presently covered under a single department of Health and Human Services.
The Medicare program was however run by the Social Security Administration, while the Medicaid program was run by the Social and Rehabilitation Service. Both these areas were then transferred to the newly formed Health Care Financing Administration (HCFA) as of year 1977, and renamed again as the Centers for Medicare & Medicaid Services (CMS).
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