In the 1950s, the retired California educator Ethel Andrus sought affordable health insurance for retired teachers over 65. Every insurer she approached decided the risk was not worth taking. Andrus saw this as a problem to solve.
By the time Medicare was signed into law in 1965, about half of all seniors had no hospital insurance. For an older American without coverage, a serious illness was paid for out of savings, by family or not at all.
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Andrus’ story
Andrus had already made…
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