Insurance

How the HMO Led to the Current State of Health Insurance

Health insurance remains a touchy subject among America's insured. Workers from all walks of life are unhappy about the rate increases they see every year. They are more than willing to complain about health insurance policies that cost a lot but do not offer a lot when they are most needed. Ironically, much of what we know about the current state of health insurance is directly related to the introduction of the HMO. Health Maintenance Organizations (HMOs) did not exist in this country until passage of the Health Maintenance Organization Act in 1973. The law forced employers offering traditional healthcare...