What decade was health insurance created
1 point
1910
1980
1920
1950
The correct answer is 1920.
Health insurance was created in the 1920s.
To determine the decade in which health insurance was created, we can start by understanding the historical development of health insurance. The concept of health insurance emerged as a response to the increasing costs of medical care and the need for financial protection against health-related expenses.
Health insurance in the form similar to what we see today began to take shape in the early 20th century. One notable milestone was the establishment of the first health insurance plan in the United States, which was introduced by the American Association of Labor Legislation (AALL) in 1910. This plan aimed to provide wage replacement for workers who were unable to work due to illness or injury.
Based on this information, we can conclude that health insurance was created in the 1910s. Therefore, the correct answer is 1910.