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In Business / College | 2025-07-03

Which of the following is or are among the reasons why commercial insurance companies did not issue health insurance policies in the early 1900s?

A. All of the other options are correct
B. Concern that only those who were sick would seek coverage, while those that were healthy would not
C. The companies lacked the means to calculate risks accurately and set appropriate premiums
D. Concern that people covered by health insurance seek unnecessary service

Asked by sq5hpjc97t

Answer (2)

Commercial insurance companies in the early 1900s did not issue health insurance policies due to concerns about attracting only sick individuals, inadequate risk assessment practices, and fears of unnecessary medical service usage. These issues collectively contributed to the reluctance to provide health insurance. Thus, the correct answer is that all the other options are correct.
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Answered by Anonymous | 2025-07-04

In the early 1900s, commercial insurance companies refrained from issuing health insurance policies due to concerns about attracting high-risk individuals, the lack of accurate risk assessment methods, and fears of overutilization of medical services. These issues contributed to a reluctance to offer health insurance in that era. Overall, all mentioned reasons together explain this hesitation. ;

Answered by GinnyAnswer | 2025-07-04

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