How Health Insurance Companies Have Ruined American Healthcare
In a study just released by the Commonwealth Fund comparing the top 10 advanced economies’ healthcare systems, the United States came in dead last in overall performance, access to care and health outcomes, despite spending considerably more than any other nation on healthcare. In fact, the U.S. is in a class by itself, as noted by the following chart: Overall Performance Ranking The Evolution of Health Insurance in the U.S. The American healthcare system has transformed dramatically over the past century, with health insurance playing a pivotal role in this shift. Initially rooted in altruism and protection for patients, health insurance has evolved into a profit-driven industry, significantly impacting the quality, cost, and accessibility of care. The Origins: Nonprofit Beginnings Health insurance in the U.S. started with noble intentions. In the early 20th century, healthcare was a financial burden for many, especially during emergencies and hospital stays. The first o...