Dr. K’s HC payment Timeline aka How we got into this Mess

Herb Kunkle, MD writes in:

The addiction to middlemen and conscription to the Fourth Branch of Govt and regulatory bodies probably began ~ 1929 when the first insurance company, covering Dallas/Ft Worth teachers was formed.

50 cents every other paycheck, only for catastrophic care, a simpler time.

-1944- With salaries and other benefits frozen during WWII, businesses start offering HC ins to retain/recruit employees.

-1965- Medicare/Medicaid/Govt begins to insert itself as you describe. HC costs, at that time 3-4% of GNP begin to soar. Approaching 20% today, and as E Bowles says- ‘The vapor that is driving our economy into the abyss.’ Continue reading