Thankfully that piece of **** is dead, but we have to suffer from his legacy Prior to 1973 it was illegal in the United States to make profits from healthcare. In 1973, the Health Maintenance Organisation Act was passed, effectively changing the status from profiting off healthcare being illegal to legal. For Profit Healthcare a “Favor” According to a report on (2) Investment Watch Blog, Nixon signed the Act as a favor to a personal friend, Edgar Kaiser, who was, at the time, the chairman and president of Kaiser-Permanente. Kaiser-Permanente was founded in 1945 by industrialist Henry Kaiser and physician Sidney Garfield, as an integrated managed care consortium. http://www.topsecretwriters.com/2017/06/profit-health-care-illegal-nixon-changed-everything/
You should really learn to fact check an article before you show your ignorance...The main part of this legislation who's principal supporter was Sen Edward Kennedy...It was signed by Nixon into law. This provided loans to HMO's and required businesses that offered traditional health insurance to also offer HMO plans, giving employees a choice. It did not require employers to offer health insurance. https://en.wikipedia.org/wiki/Health_Maintenance_Organization_Act_of_1973
What the H are you talking about? Clearly not the providers of heathcare. You are talking about insurance companies and even then you are wrong. The act allowed the creation of HMOs. And with the passage of this act the entire health care system was disrupted as it forced providers to sign contracts for these one sided programs in order to continue treating their patients who worked for companies and corporations that contracted with these HMOs. Then came PPOs and Managed care that further destroyed the insurance payment system, virtually forcing doctors and other providers to sign contracts with them or lose ntheir patients. Most nay sayers on this topic no nothing factual about the history of health insurance. Auto, life and homeowner policies all were governed by federal laws, but not health insurance, still isn't, why?
