Health Insurance in the Worl (Part IV)

In the mid 19th century (1851), in America, precisely at the San Francisco formed mutual protection of  voluntary associations such as La Societe Francaise de Beienfaisance Mutuelle. This association was further established in the hospital in 1852 to serve the care for its members. Since 1875, establishment funds (Common Fund) in the United States began many forms. Mutual funds are is a mutual benefit associations, a kind of union, of a firm (Employer) who can form a corporation or other legal entity. 

Generally, funds collected from employees, few of the Common Fund who co-financed by the employer. Benefits provided the Common Fund are generally given as a fund of death and disability in a relatively small amount. At the end 19th century, the movement of the Common Fund raising is not deemed adequate because limited number of participants eligible to participate because of the nature of membership entirely voluntary. Another obstacle is the low fees that funds collected is insufficient to pay promised benefits. 

Insufficiency participants and this fund is a common phenomenon that until now occurring in many developing country. As a result, participants did not feel the benefits of joining the Common Fund and chose to stop, so the number of participants who have little less and less due to the reduced number of participants who remained joined. 

Until 1917, the disability income insurance (disability income) is the sick pay benefits when the participant,  which is not due to workplace accidents or illness due to work-which is guaranteed by the government through the Law Work Accident 1908, is the only type of health insurance offered the insurance company. Wage replacement health insurance market is not experiencing mean change in America until 40 years later. 

 In the 1940s, four countries the Americas (Rhode Island-1942, California-1946, New Jersy, 1948, and New

York, 1949) requires that the short-term income disability insurance (short term disability income insurance) in the state.

History of Health Insurance in the World (Part III) (Part V)