Asked by Vanessa Grossman on Jun 14, 2024
Verified
Employer-provided private health insurance began in the United States because
A) the rising threat of socialism prompted U.S. companies to provide insurance to dampen enthusiasm for socialist reform.
B) during World War II, wage and price controls forced employers to use nonwage forms of compensation to attract workers.
C) poor health conditions at the beginning of the 20th century prompted the U.S. government to require new companies to offer health insurance to employees.
D) the American Medical Association successfully lobbied the U.S. government to provide subsidies to companies offering private health insurance to employees.
Employer-provided
Benefits or services provided by an employer to their employees, which could include healthcare, retirement plans, or education assistance.
Private Health Insurance
Health insurance coverage provided by non-governmental entities, offering various health care benefits based on the plan.
Wage And Price Controls
Government-imposed restrictions on the levels at which wages and prices can be set, usually to curb inflation.
- Understand the historical reasons for employer-provided private health insurance in the United States.
Verified Answer
CC
conner cavanaughJun 15, 2024
Final Answer :
B
Explanation :
During World War II, wage and price controls made it difficult for employers to increase wages to attract workers. As a result, they began to offer benefits like health insurance as a form of nonwage compensation.
Learning Objectives
- Understand the historical reasons for employer-provided private health insurance in the United States.