This Open Season, enroll in nationwide vision coverage with fully-covered vision care exams. Choose High Option and you'll pay nothing for eyeglass lenses, too. 👓 💙 | Blue Cross and Blue Shield Federal Employee Program
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This Open Season, enroll in nationwide vision coverage with fully-covered vision care exams. Choose High Option and you'll pay nothing for eyeglass lenses, too. 👓 💙 | Blue Cross and
This Open Season, enroll in nationwide vision coverage with fully-covered vision care exams. Choose High Option and you'll pay nothing for eyeglass...
39.1K viewsNov 11, 2024
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Using medical expenses to your advantage at tax time
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Before 1973, most health insurance in the U.S. was nonprofit. Plans like Blue Cross were founded by hospitals to help patients afford care — everyone paid the same rate regardless of age or health. The focus was on community benefit, not profit margins. ▪️ What changed? The 1973 HMO Act under President Nixon opened the door for for-profit insurers. Rising medical costs, hospital consolidation, and Wall Street investment shifted health coverage from a community service to a commercial product. ▪️
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Before 1973, most health insurance in the U.S. was nonprofit. Plans like Blue Cross were founded by hospitals to help patients afford care — everyone paid the same rate regardless of age or health. The focus was on community benefit, not profit margins. ▪️ What changed? The 1973 HMO Act under President Nixon opened the door for for-profit insurers. Rising medical costs, hospital consolidation, and Wall Street investment shifted health coverage from a community service to a commercial product. ▪️
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