I'm sorry, you are either uninformed or deliberately obtuse.
Uhhh, the reason Medicare was started was because no insurer in their right mind wanted to cover the elderly. That's just history. Not some weird statement.
That's not true. It was because many older people reached an age when they could no longer work/earn and they could no longer afford medical insurance. You would be surprised how cheaply so called health insurance could be bought for in 1965 at the inception of Medicare. Government interference in the health system has been the primary causal agent for the increase in medical costs by seperating the patient from the provider, thus removing competitive forces from the market.
As an example of health insurance cost, in 2005 (when I was 64) before I went on SS/Medicare my health insurance policy was only $220/month, and it was completely adequate for my needs.
First you say "It's not true" then support why it's true???
The next part of that is nonsense. Sure it was "cheap" And wages..were low. In any case, the elderly were being discarded and left to either fend for themselves or with their families. And in some cases they were wiping out the saving of their children.
Health care should have been never left to the private sector. The profit motivation alone is a big flag for "an industry" that has to provide care and compassion.