The glory days of the semi-welfare state in the US were indeed the 1950s-to-mid-1970s. A lot of those were regulated monopolies - in the case of health care, Bl

The glory days of the semi-welfare state in the US were indeed the 1950s-to-mid-1970s. A lot of those were regulated monopolies - in the case of health care, Blue Shield was a single, private but regulated insurance company owned by hospitals (some portion of which weren't for-profit). The main way Blue Shield was regulated (and it was definitely regulated) was it allowed to maintain complete control of the health insurance market, so that it operated like "single payer" without officially being "socialized medicine". The elimination of this system indeed brought us to the disaster that we're looking at now.