The Cost of Care cover image

2. Sickness = Profit

The Cost of Care

CHAPTER

The Evolution of Medical Care and Insurance

This chapter traces the transformation of healthcare from the early 20th century to the modern era, highlighting technological advancements and their impact on hospital efficacy. It delves into the origins of employer-sponsored health insurance through innovative solutions from Baylor University Hospital in the 1940s and examines the subsequent rise in healthcare costs and disparities within the system. The discussion underscores the complex relationship between government funding and private insurance, while inviting listener engagement on personal healthcare experiences.

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