In this article we are going to have a brief introduction to how medical insurance came to be: its history and most importantly events which triggered the expansion of the practice worldwide.
If marriage is a thing that can be untied through divorce, we cannot say the same about health insurance. In some countries around the world it is compulsory; in other countries people have health insurance just because they realize its importance. And the health insurance sticks with you… in sickness and in health… in Avon, Cleveland, Lakewood, North Olmsted, North Ridgeville, Westlake or anywhere else.
How it started
Did you know the first country to have the first national healthcare system was Germany? It dates back to the 19th century; in the time of Otto von Bismarck (he dominated European affairs from 1860 to 1890!).
This is how, in 1883 he implemented the Health Insurance Bill; then one year later, in 1884, he added the Accident Insurance Billl.
In Britain, it wasn’t until 1911 that a National Insurance Act was promulgated. Then this system kept evolving until 1948, when the National Health Service was created. This service was funded on general taxation and not on insurance basis, but it provided health care service to all legal residents.
For most of the other countries, a healthcare system was implemented after the end of the World War II.
Medical insurance history in the USA
The United States’ first kind of medical insurance was created in the 19th century and was known under the name of “accident insurance”. It was a sort of what we now call the disability insurance. This kind of insurance was first offered by the Franklin Health Assurance Company of Massachusetts (est. 1850).
Before the creation of our modern health insurance system, all people were forced to pay for their medical expenses out of their own pockets.