Others have already described the development of this new type of insurance as a means of protection against medical, surgical, and hospital expenses which are not adequately covered by the usual health insurance plans.
The purpose of Major Medical Expense Insurance is to assist the American insurance buyer to meet the cost of expensive illnesses or accidents where expenses run to hundreds or even thousands of dollars. This form of health insurance affords real protection against the expenses of a medical or surgical catastrophe.
The number of persons who are procted by Major Medical Expense Insurance has about doubled each year since the inception of the insurance in 1949. According to The Health Insurance Council Report of August 1956: "Accelerated growth of Major Medical Expense protection during 1955 multiplied the number with such protection by nearly two and one-half times over 1954—the increase being 138%.
This growth should continue as
McNamara WJ. THE ROLE OF THE MEDICAL DIRECTOR IN MAJOR MEDICAL EXPENSE INSURANCE. JAMA. 1957;165(12):1586–1591. doi:10.1001/jama.1957.72980300027015c
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