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History of Medical Insurance
9 months ago
The first Health insurance policy was provided by the Franklin Health Assurance Company of Massachusetts.
President Franklin Theodore Roosevelt signed legislation to provide workers compensation
First blue cross policy was a plan initiated by Baylor university to guarantee Dallas teachers 21 days of hospital care for 6$ a year
First Blue shield plan was founded in California.
The WHO developed IDC to collect data for statistical purposes
CPT was developed by the American Medical Association including E/M section
Medicare established to provide health care services to Americans over the age of 65
Medicaid established a cost-sharing program between the federal and the state governments.
Occupational safety and health Administration established and is designed to protect all employees against injuries form occupational hazards in the workplace.
HMO Act of 1973 authorized federal grants and loans to private organizations that wished to Develop HMO's.
CHAMPVA provides health care benefits for dependents of veterans rated as 100% permanently and totally disabled as a result of service connected conditions.
Health care financing administration formed to combine health care financing and quality assurance programs into a single agency.
Blue Cross Blue Shield Association formed by merger between Blue Cross and Blue Shield
Consolidated Omnibus budget Reconciliation Act of 1985
Medicare began requiring physician to submit I(1)-9-cm codes on HCKA-1500 now called CMS- 1500 Claim forms
Health Insurance Portability and Accountability Act of 1996
HCFA changed its name to Centers for medicare and Medicaid
EIN assigned by the IRS for ruse in health care transactions
Providers Began Applying for NPI
Providers must utilize NPI on electronic claims
Small Health plans must utilize NPI on electronic claims.
Helathcare reform act, President Obama signed the PPACA
Open enrollment for Helath Insurance Market Place
All Americans will have access to affordable health care options.
Mandatory use of ICD-10 for all medical providers
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