TIL “health insurance” was actually cooked up as a ploy by hospitals to fill empty beds. The real impetus to making insurance commonplace is when they made premiums tax-free if paid by employers. Before insurance the average person spent $5 per year on medical care.
Get rid of insurance, or at least eliminate its tax-favored status, and the cost of health care would plummet.
But that, of course, wouldn’t make the medical establishment happy, so it won’t happen.Bookmark it: del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList
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