Before 1973 it was illegal in the US to profit off of health care Nixon changed every

tay

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In 1973, Nixon did a personal favor for his friend and campaign financier, Edgar Kaiser, then president and chairman of Kaiser-Permanente. Nixon signed into law, the Health Maintenance Organization Act of 1973, in which medical insurance agencies, hospitals, clinics and even doctors, could begin functioning as for-profit business entities instead of the service organizations they were intended to be. And which insurance company got the first taste of federal subsidies to implement HMOA73 … *gasp* … why, it was Kaiser-Permanente!

What are the odds?

Did you know that before 1973 it was illegal in the US to profit off of health care. The Health Maintenance Organization Act of 1973 passed by Nixon changed everything. – InvestmentWatch
 

Tecumsehsbones

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Sorry to mess up your paranoia, tay, but in the United States a president can't sign anything into law until it's been passed by both chambers of Congress. In 1973 both were Democratic majority.
 

tay

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Why would you use the term paranoia? I'm pretty sure Nixon is not still around?


And I am somewhat bemused that you would conclude that I don't realize the President can't sign anything into law aside from their Ex Privilege entitlement.........Now I may have fallen into the boomer trap and not verified the story before posting which I always do


The Health Maintenance Organization Act of 1973 (Pub. L. 93-222 codified as 42 U.S.C. §300e) is a United States statute enacted on December 29, 1973. The Health Maintenance Organization Act, informally known as the federal HMO Act, is a federal law that provides for a trial federal program to promote and encourage the development of HMOs. The federal HMO Act amended the Public Health Service Act, which Congress passed in 1944. The principal sponsor of the federal HMO Act was Sen. Edward M. Kennedy (MA).


President Richard Nixon signed bill S.14 into law on December 29, 1973.


Richard Nixon: Statement on Signing the Health Maintenance Organization Act of 1973


It included a mandated Dual Choice under Section 1310 of the Act.


Health Maintenance Organization (HMO) is a term first conceived of by Dr. Paul M. Ellwood, Jr. The concept for the HMO Act began with discussions Ellwood and his Interstudy group members had with Nixon administration advisors who were looking for a way to curb medical inflation.[5] Ellwood's work led to the eventual HMO Act of 1973.


It provided grants and loans to provide, start, or expand a Health Maintenance Organization (HMO); removed certain state restrictions for federally qualified HMOs; and required employers with 25 or more employees to offer federally certified HMO options IF they offered traditional health insurance to employees. It did not require employers to offer health insurance. The Act solidified the term HMO and gave HMOs greater access to the employer-based market. The Dual Choice provision expired in 1995.


https://en.wikipedia.org/wiki/Health_Maintenance_Organization_Act_of_1973


HMO quality: Does for-profit status matter? | Medical Economics


President Nixon appeased the left and proposed the HMO Act, which Congress passed in 1973. The law created new, supposedly cheaper health coverage with millions of dollars to HMOs, which, until then, constituted a small portion of the market. Kaiser Permanente was the only major HMO in the country by 1969 and most of its members were compelled to join through unions.
Combined with Medicare, the HMO Act eventually eliminated the market for affordable individual health insurance.


The History of HMOs | Capitalism Magazine
 

Tecumsehsbones

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Why would you use the term paranoia? I'm pretty sure Nixon is not still around?
All right, I withdraw "paranoia" and substitute "delusion."


And I am somewhat bemused that you would conclude that I don't realize the President can't sign anything into law aside from their Ex Privilege entitlement.........Now I may have fallen into the boomer trap and not verified the story before posting which I always do
You're the one who posted a story claiming that the HMO Act of 1973 was a personal favor from President Nixon to a friend, which ignores the fact that it was passed by 435 Congresscritters and 100 Senators, most of whom wanted to see Nixon dead.