SeniorQuote has posted similar articles before on the history of medical insurance in America, specifically in regard to Medicare and sometimes even social security.
Today we’d like to refer you to another wonderful article summarizing American Medical Insurance, speicifically in regards to why and how it came to be so expensive, and what the high costs are doing to the economy.
Featured in Hillsdale College’s Imprimis September 2018 • Volume 47, Number 9 this article was originally written by John Steele Gordon, the author of An Empire of Wealth: The Epic History of American Economic Power. John was educated at Millbrook School and Vanderbilt University. His articles have appeared in numerous publications, including Forbes, National Review, Commentary, the New York Times, and the Wall Street Journal. He is a contributing editor at American Heritage, where he wrote the “Business of America” column for many years, and currently writes “The Long View” column for Barron’s. He is the author of several books, including Hamilton’s Blessing: The Extraordinary Life and Times of Our National Debt, and The Great Game: The Emergence of Wall Street as a World Power.
Click on this link to read the piece.