Its obvious that the market isnt working in the US.
Why ?
Profit comes before patients.
Why do your medicines cost more than ours ?
Go figure.
That's not the reason Tommy. Yes the market isn't working, because we don't have a market.
You can't blame the problems in a system on Capitalism, when it isn't a Capitalist system.
We have a very very socialized system in the US.
What is the number one complaint from all the left-wingers? Cost. They don't complain about the quality of care. You don't see people saying treatment in the US is so bad, that they are flying to Pakistan to get treatment.
When they do surveys of medical tourists from the UK, what is the number one reason? Wait times. You wait for years to get treatment, which in the case of cancer or other illnesses can be lethal.
But when they do survey's of medical tourists from the US, what is the number one reason? Cost. I can get the same treatment for a few thousand, instead of $10 thousand, elsewhere.
So cost is the number one problem. Well why is cost so high? There are dozens of contributing factors, but the largest and most damaging is...... Government. Namely Medicare and Medicaid.
Both Medicare and Medicaid, routinely pay less than the cost of care. Since 50% or more of patients are gov-patients, that means the hospital would go bankrupt. In order to not go bankrupt, they have to charge a much larger price to non-gov-patients, in order to cover the loss from gov-patients.
See? As medicare and medicaid payments fall lower than the cost of care, the payments of private payers is increased to cover those losses.
The primary, number one, top of the list factor that makes health care so expensive in the US.... is government.
I could list you a dozen other causes to, like regulations, controls, price caps, everything... all government.