NYT is lying. Prior to FDR the entire healthcare profession was not for profit. He and Nixon allowed for the privatization and profit extraction to be allowed.
the entire healthcare profession was not for profit
Yeah I’m gonna need a source on this one because my knowledge of history points to this being entirely untrue outside of charity which… wasn’t exactly great care.
"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. "
NYT is lying. Prior to FDR the entire healthcare profession was not for profit. He and Nixon allowed for the privatization and profit extraction to be allowed.
Where does it say anything about being not for profit?
Yeah I’m gonna need a source on this one because my knowledge of history points to this being entirely untrue outside of charity which… wasn’t exactly great care.
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.