Then you don't know what you're talking about. European prices are much cheaper including tax spend. In fact, the US has about the same public spending on healthcare as European countries do. You just don't get covered by it
wow that is absolutely wild and maybe one the most transparent profits over people i've heard of
This is an emergent problem of third party payment. Normal supply and demand mechanisms are not at play.
I’ve seen first hand hospitals “justify” not letting competitors as local hospitals always give input (they need to pull records). What happens is the hospitals generate projected reports and showing they’d be bankrupt if another hospital is allowed.
The group responsible for lobbying for them to be introduced in the first place?
Hospitals.
Hospitals can veto any building plans of a hospital near them. This is to “keep the current hospital profitable”
The AMA artificially limits the number of doctors coming out of school (limiting supply).
FDA puts a ton of regulation around producing drugs and equipment.
Insurance companies and Medicare set the price for goods and obviously need to make a profit so they gouge. There’s a long tail there, so the average person pays FAR more than their share to cover the long tail.
When you wrap this all up, yes. But the solution is massive deregulation. Let the market drive down prices similar to Mexico or India. Socializing medicine basically just regulates it to maximize profits, which is why Europe and US has insanely expensive healthcare (I added Europe because they’re subsidized by taxes, not massively cheaper).