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The History of Skiff (Part V)

In the last few years of the 1960s and the first few years of the 1970s, hospitals were experiencing a period of growth in volume, facilities and funding.  Financial performance was strong as the Medicare and Medicaid programs grew and health insurance benefits were offered to more and more people through their place of work.  Increasing insurance coverage led to increasing utilization of health-care services and dramatic increases in health-care costs.  By the early 1970s, skyrocketing health-care costs was front page news across the country.  In 1973, Congress responded to the pressure to “do something” to reign in costs by passing legislation requiring every employer with more than 25 employees to include a Health Maintenance Organizatio

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