263. Uncovering The History Of Health Insurance with Chris Ecos

U.S. Health Care Expenditures are now over 20% of GDP and climbing ahead of the 2024 Presidential election. Health care and health insurance will likely be at the top of the agendas for both candidates and political parties for this cycle. So, how did we get here? Why is employer-sponsored health care in the U.S. unlike any other in the world? It’s a system often referred to as “An Accident of History”, because there was not a comprehensive strategy to finance it. Rather, the U.S. health insurance system is derived from decisions by the federal government, struggling providers, politicians, activist unions, employers, insurance companies, and we the consumers who stand to benefit. Why should we care? In this episode, I’m joined by health insurance “historian” Chris Ecos as he uncovers the history of the U.S. health insurance system and answers the questions: How did we get here? Why does it matter? KEY MOMENTS [01:15] About Chris Ecos [04:20] Fencing at Ohio State [06:50] Chris' Career in Insurance [08:10] Early Health Insurance History Pre-1900 [10:45] Impact of the Great Depression and World War II On the Health Insurance Industry [12:30] Post-War Changes in Health Insurance [15:00] Rise of HMOs in the 1970s [17:20] Impact of "Hillary-Care" In the Early 1990s [19:50] Modern Health Insurance Challenges [22:15] The Future of Health Insurance CONNECT WITH CHRIS ⁠⁠⁠LinkedIn⁠⁠⁠ FOLLOW US ⁠⁠⁠⁠⁠⁠Request a Free Strategy Call⁠⁠⁠⁠⁠⁠ Grab a copy of the⁠⁠⁠⁠⁠⁠⁠⁠ ⁠Broker Marketing Playbook⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn:⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Andy Neary⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more:⁠⁠⁠⁠ ⁠completegameconsulting.com