Meanwhile, government is the only meaningful access many have to healthcare and education.
The price rises are due to this. See
https://www.theatlantic.com/magazine/archive/2009/09/how-ame...
Note how prices for Lasik eye surgery, which has little government involvement, have trended down dramatically.
Either way, we need price transparency before people start acting rationally, and government regulation of irrational spending is going to be wasteful. Price transparency would make the promise of single payer (government) healthcare actually sustainable for a populace; without it, you’re just making the healthcare industry richer without actually providing a proportionate amount of care to the public.
See "Competition and Monopoly" by Frecht.
The supply of drugs is heavily restricted by patents and the FDA. See "Regulation of Pharmaceutical Innovation" by Peltzman.
Governments corrupt markets.
This is something that my typical SF tech peer does not seem to grasp. Relative compensation vs your economic competitors (other knowledge workers in the Bay) matters much more than your absolute pay when considering your ability to afford the good life in a supply constrained environment.