The Evolution of Private Health Insurance and Why the Patient Protection and...

The Evolution of Private health Insurance and Why the diligent Protection and low-cost Care Act is the Future of Health Care One of the most hotly debated topics in the past twain years has been health care disentangle. An effort by prexy Obama was successful and in March 2010, the Patient Protection and Affordable Care Act or PPACA was signed into law. This law aims to reform the intact U.S. health care delivery and financing system. In this paper, I will discuss how health insurance has evolved everywhere time and how the PPACA is the future of healthcare. Originally, as early as the mid-1800s, workers were see against lost contend resulting from work-related injuries. Later, insurance was created to cover lost wages resulting from catastrophic illness. Health insurance as we know it immediately began in the 1930s when insurance began to pay part or all of the cost of medical services to providers. A stem of teachers from Baylor University contracted with Baylor Hospital in Dallas, Texas to provide coverage for infirmary expenses. This arrangement yielded Blue stick, the dominant form of insurance in the United States for the next forty years (Sultz & Young, 2011). Blue bounce back was a private, not-for-profit insurance company which made payments directly to providers.

Originally, a community rating was used in which all individuals in a defined group pay single premiums without respect to age, gender, occupation or health status, (Sultz & Young, 2011, p.231). This helped to provide insurance to the entire community without discriminating against those who might have varying guess characteristics. This remained the norm until commercial insurance invaded the marketplace and began to use hear rating in order to calculate higher premiums for those they deemed slight healthy and offered lower premiums for those they deemed healthy (Sultz & Young, 2011). The creation of Blue Cross and the insurance it provided is significant for many reasons. It began a new era... If you essential to get a full essay, order it on our website: Orderessay

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