Daily Beast March 14, 2020
David Schneider

The 20th-century invention of health insurance, coupled with breakthroughs in science and technology, have produced the health care we love and the costs we hate.

Justin Ford Kimball had to wonder if he was crazy for taking the job as vice president of Baylor Hospital in Dallas. It was 1929, and hours into the job, he realized that his new employer was about a month away from insolvency. Kimball and his team needed an infusion of cash, but where to get it?

Fortunately for all involved, Kimball—a lawyer by training—had previously been the superintendent of the Dallas school administration. In the midst of his tenure, the influenza pandemic of 1918 had ravaged the world, killing more than 50 million people....

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