ABSTRACT
The regulation of health insurance is a classic example of government overreach. There's plenty of evidence that shows how excessive or counterproductive regulations have not only contributed to the high cost of insurance, but have also resulted in greater numbers of uninsured. Despite federal and state initiatives spanning multiple generations, we still have quite a significant number of people who still lack affordable access to health care. The 2010 Affordable Care Act has in many respects been the biggest change to US health care since the passage of Medicare-Medicaid. The Act was intended to expand health plan coverage to the uninsured and reduce health care costs. The law in effect required health plans to accept all applicants, cover a specified range of conditions, and be priced at certain levels regardless of any pre-existing conditions. Employer-sponsored health plans are by far the single largest source of coverage, accounting for nearly half of the US population.
