In france your public insurance allows you to walk in a private clinic or hospital too, as a relative did and they cover her post-cancer treatment better than in the public hospital (by her account at least).
So yeah, "free market deregulation" may be an oversimplification but you have a problem in the US that's also far more than just being for-profit. We have for-profit over here and it works.
And that includes private & public institution doing medical R&D and selling their products to the national health services and private clinics, like quite a bunch of spanish companies do, for example. I say this becase it weirdly pops as an argument when it's totally unrelated, and it may be only a tiny fraction of the total cost.
Most healthcare in the west is subsidized by the US. The US market is far more lucrative, so companies do R&D and make capital from the US. The US also subsidizes in terms of both military and energy almost every western country. Even then, Europe has a higher tax rate and on average is far poorer.
I’m well educated on this subject and worked in this area in the US and spent time in other countries. You have no idea what you’re taking about.
These claims are outrageous and totally unsubstantiated. How does US subsidise energy of France or Japan?
"Most healthcare in the west is subsidized by the US." "The US market is far more lucrative, so companies do R&D and make capital from the US. "
You are subsidising the companies, not my healthcare. And they pay out this money in dividends to shareholders. I am sure they are very gratefull, maybe you should ask them for a rebate.
Stop subsidising them and overpaying - do you think healthcare costs in Europe will rise? If you do, I've got a wager.
The US is broken because we somehow believe that a highly regulated market is "free" as long as the government isn't paying for it. We literally have the worst of both worlds.
The problem is a large swath of the population that believe in all earnestly that squeezing profit is some magical tool for a functioning economy.
Too bad US is so good at PR, this mind virus is wreaking havoc all over the world.