This child of the 50s recalls the family pediatrician, would come to the house [on his way into his office practice]; his visit for a diagnostic exam was $5.00; Mostly measles, chicken pox and the like.
When my brother was born [1939], mom spent 8 days in the hospital to have him; [no, there were no complications]; among her papers, when she passed, I found the bill/statement from the hospital; it was for $8.00, :D
By today's standards, the hospital's natal departments, were pretty bare bones.

Insurance companies are inherently flawed. If they allow expensive coverages, it allows them to justify raising their rates when the regulators do their thing.