During World War II, businesses offered health insurance as an employee benefit due to labor laws limiting pay. The IRS ruling that group insurance premiums were not taxable made it more attractive. Some US states require residents to purchase health insurance.
Employment-related health insurance hasn’t always been like this in the United States. During World War II, however, labor laws limited how much businesses could pay their workers. To recruit top talent, an employer would offer health insurance as an employee benefit. The Internal Revenue Service (IRS) also ruled that group insurance premiums were not taxable, making the offer of employee-sponsored medical insurance all the more attractive to workers.
Read more about the health benefits:
The International Labor Organization reported that, in 2008, 50 countries had universal or near universal health care.
Beginning in 2010, self-employed workers in the United States could deduct the cost of individual health insurance premiums from their income.
Some US states, such as Massachusetts, require residents to purchase health insurance. Residents who fail to do so must pay a tax penalty.
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