In my previous posts, I stated that more than 30 cents out of every health care dollar goes to insurance companies. The Affordable Care Act mandates that everyone buy health insurance. It does nothing to reduce the amount physicians pay for malpractice insurance. And it does nothing to reduce the excessive costs of prescription drugs. Instead, the act places taxes on the sale of individual homes, fishing gear, and other things to subsidize the ridiculous charges of the insurance policies. And it used taxpayers' money to hire hundreds of people to administer the program.
A letter to the editor in the October 13th Los Angeles times offers one example to illustrate the problem: