The Beginning of Health Insurance

Since revolutionary times has insurance been part of the American life. As a means of helping people with protection from illness and injury since the early 1900s, health insurance emerged by the raising cost of hospital care. Driven by significant investments in facilities along with physician training and equipment, those costs drove up medical bills for patients. In 1929 the Baylor Hospital in Dallas Texas began the first pre-paid hospital insurance. For a premium cost of fifty cents a month, it was offered to a group of Texas teachers. By spreading them out over a much larger pool, the cost of...
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Universal Health Care

After a century of health insurance, it still dominates the U.S. health care landscape. Attempts by U.S. Presidents, including Harry S. Truman, John F. Kennedy and Bill Clinton, failed to bring to life government-sponsored universal health care. In the 1960s, President Lyndon Johnson signed Medicare into law as a way to provide a safety net for those over the age of sixty-five. At that time, almost all of the 255 million or more American under that age, got their health care from private insurers. Today, with approximately 62 percent of non-elderly Americans receiving insurance as a benefit of...
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Private Health Coverage

The majority of Americans with health insurance have obtained it through their employer-sponsored or through a group health insurance plan. There are many advantages to this type of insurance: the easy of enrollment, a vast range of options to each plan and of course the cost. (Including the tax exemption by the government) Private insurance is a market option for those who no longer have access to the employer-sponsored plans. But this type of insurance is not as appealing as the cost is more for individual plans for sure and the choice of options are fewer. A group plan offered by an employer is easy...
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Individual Health Insurance

Fifty seven percent of the U.S. citizens who have health coverage, have it through an employer-sponsored plan. Medicaid, Medicare or the military cover another twenty nine percent, which leaves those without an employer offer insurance left to seek insurance on the private market. Individual health insurance can be difficult to obtain compared to a group plan offered by employers. Companies selling health insurance are for-profit entities. When you are accepted by them, they are betting that you will pay more in insurance fees than the amount of your medical claims. If you already have a medical...
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Big Bucks for College

In 2004 if you had three kids attending college for four years each, the total would have been $371,466., and that is for a average priced school. The cost of a private school tuition goes up about six percent annually and if your kids are young and won’t be in college for another ten years, you can imagine what it will cost then. Even with the cost of public in-state tuitions being lower than private schools, it is never to early to start saving, as those costs will raise also. The college education is certainly one of the most important parts of raising children as everyone knows the impact a...
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