"The US health insurance industry originated from a non-commercial plan founded during the Great Depression by a hospital in Dallas, Texas, seeking to shore-up its finances.45 That plan led to non-profit Blue Cross plans, which once dominated in most regions of the USA.45 However, in the mid-20th century, investor-owned insurers began outcompeting Blue Cross plans. "
You learn something new everyday.
"The US health insurance industry originated from a non-commercial plan founded during the Great Depression by a hospital in Dallas, Texas, seeking to shore-up its finances.45 That plan led to non-profit Blue Cross plans, which once dominated in most regions of the USA.45 However, in the mid-20th century, investor-owned insurers began outcompeting Blue Cross plans. "
https://www.sciencedirect.com/science/article/abs/pii/S0140673625016691
Hospitals were all pretty much non-profit and many are to this day. Many doctors did have private practices though.
Thank you for the good information. I meant to say this yesterday but was distracted.