Family Medicine pp 1855-1865 | Cite as

Economics of Health Care: Third-Party Carriers

  • Philip A. Anderson


A physician practices within an ever-changing economic system. During the late 1960s and the 1970s the federal government’s intervention into the practice and economics of medicine grew enormously. These few years saw creation of the Medicare and Medicaid programs (1965), Professional Standards Review Organizations (1972), National Health Planning and Resource Development Act (1974), Health Professions Educational System Act (1976), Health Maintenance Organization Act (1976), and Health Care Technology Act (1978). It is not surprising that between 1965 and 1978 personal health care expenditures increased from 3% to 10% of total federal expenditures. Third parties became increasingly involved not only in the payment of health care services but in the determination of the very nature and direction of medicine.1–3


Private Health Insurance Health Maintenance Organization Medicaid Program Medicare Part Personal Health Care 
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Copyright information

© Springer Science+Business Media New York 1983

Authors and Affiliations

  • Philip A. Anderson

There are no affiliations available

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