When did Healthcare Become A For-Profit Business?June 6, 2018
Did you know that before 1973 it was illegal in the US to profit off of healthcare?
The Health Maintenance Organization Act of 1973 passed by Nixon changed everything.
Yes, that’s right, the entire for-profit system was set into place by then-president Richard M. Nixon. You see, 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. This gave medical insurance agencies, hospitals, clinics and even doctors, the ability to function as for-profit business entities instead of service organizations as they were intended.
The law Nixon mandated also included clauses that encouraged medical providers to not CURE afflictions, but to PROLONG them by only treating the symptoms. There’s no money to be made in CURING the sick.
Have you noticed all the side effects and even DEATH mentioned in the fast-spoken side-effects of these new drugs you see on prime time television? Death! From the medicine that’s supposed to cure you!
Greed is the culprit!
I’m certain it was not necessary to raise prices on a 65-year-old drug, suddenly, by over 1000%.