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De Omnibus Dubitandum - Lux Veritas

Sunday, November 3, 2013

The Problem With Health Insurance

By Michael D. Shaw, Contributing Columnist - HealthNewsDigest.com Nov 4, 2013
(HealthNewsDigest.com) - Don't worry. This is not another piece about Obamacare. Instead, we'll go back to basics, and see if health insurance can ever satisfy the demands of the payers, the providers, and the patients. It's not as if people haven't been working on this for awhile. The notion of health insurance stems from the so-called "friendly societies," and dates back to the very dawn of the Industrial Revolution.
Arguably, those associations can trace their own origins back to the burial societies of ancient Greek and Roman artisans. In the Middle Ages, they morphed into the trade guilds of Europe, and expanded their mutual assistance programs to cover the financial burdens of illness.
But the founder of modern health insurance is Otto von Bismarck, chancellor of Germany, who in 1883 passed the Reichsversicherungsverordnung (Reich Insurance Act). As such, it became mandatory for certain segments of the workforce to pay premiums in support of sickness funds. This effort, and the rest of its early social welfare programs, was a means for the government to counteract the appeal of Communism, especially to those on the lower economic strata.
However, it would take another German chancellor--better known than von Bismarck--to inflate this concept into universal government-controlled health care. His name was Adolf Hitler…..To Read More….

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