BG Independent Media March 17, 2023
The distinction between public and private health insurance in the United States is not as different as most Americans might believe.
“The majority of people’s health costs are managed by private insurers even if they are in Medicare or Medicaid,” said Dr. Amanda Cook, associate professor of economics at Bowling Green State University, during a virtual BGSU Science Café Tuesday evening (3/14).
Medicare and Medicaid were developed in the 1960s with a social function to protect older people and children. “There has been a shift since then and the government has relied more and more on the private market to administer plans,” she said.
Significant changes in the industry have happened over several decades that mainly started in the 1990s,...