The idea of health insurance is generally said to have begun in the 1940s, but consider this.
Early in his career (around 1815) in an attempt to build his practice in Philadelphia, Dr. Philip Physick offered the first healthcare insurance package in the country. He advertised that he could take care of an entire family for a year for $20.
Dr. Physick is known as the father of American surgery.
But some things never change🤔
Physick pursued wealth and had an income of $20,000 a year (equivalent to $343,600 in 2024) and invested nearly all his surplus wealth in real estate, which at the time of his death was valued at half a million dollars (equivalent to $13,895,588 in 2024.
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