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Auto Insurance Primer
What is auto insurance? Auto insurance (or car insurance, motor insurance) is insurance consumers can purchase for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred. By buying auto insurance,...

Benefits of Group Health Insurance
Group Health Insurance is an insurance scheme provided by the insurance companies for a group of persons, such as the employees of an organization at a reduced individual rate. Most of the companies provide group health insurance schemes...

Homeowner Insurance Policies
This article provides useful, detailed information about Homeowner Insurance Policies. A homeowner insurance policy is designed to protect homeowners against certain disasters such as fire, lightening, and internal...

Life Insurance – Why Does Less Than Half The UK Population Have Cover?
Less than 50% of the UK population has any form of life insurance cover, says Swiss Re, one of the largest insurance companies in the world. In their latest annual report they estimate that £4.2 trillion worth of insurance cover is needed whereas...

Permanent Or Term Insurances?
There are many insurance companies in the world giving their life insurance quote. It's pretty difficult to pick which one is the best. What should you do? One strategy that'll work is to keep switching insurance companies. Any company will make...

 
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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