What is Health Insurance, and Why Do You Need It?: Health Care Triage #2

The video explores the history and evolution of health insurance in the US, starting from the Civil War era to the present day. It discusses the development of Blue Cross and Blue Shield, the rise of employer-based insurance during World War II, and the introduction of Medicare and Medicaid. The necessity of insurance due to high healthcare costs is explained, along with a detailed breakdown of how insurance plans work, including premiums, deductibles, co-pays, and coinsurance.

What new insight or understanding did you gain from this video?