The Huffington Post article titled “Obamacare Health Insurance Rules Saved Customers $1.5 Billion Last Year: Study” should leave everyone scratching their heads. Obamacare ensures that at least 80% of premiums for individual policies and 85% of premiums for group policies are used for medical care. As stated, the bill has so far saved $1.5 billion simply by commanding a behavior by insurance companies. They wasted (stole) less of citizen’s premiums. They became more efficient.

What is the purpose of medical insurance? To be more specific, what should be the purpose of medical insurance? The answer is simple. It is for citizens to pool a few dollars together to build a large amount, so that the unknown few who will get sick at any given time can get medical care they can afford without being bankrupted.