It’s cause people who are really sick shouldn’t have have to be bankrupt when they have to stay in hospital for X amount of time.
No one can afford to get sick cause of price gouging. The government has to step in. It has that power but the greed of making more and more profit is driving all the monopolization.
But the government stepping in is why the price gouging is so egregious. The regulatory hoops to open a private hospital is so crazy that only big companies like bon secours can actually afford to do it.
We had a state run hospital out here that had a terrible reputation and awful service. People would routinely drive an extra 30 or 40 minutes to go to a better hospital. When Bons Secours brought the hospital the service and reputation improved greatly.
A group of talented doctors and surgeons should be able to open competing hospitals, instead we get mandates that everyone has to pay insurance to offset the people who cant afford the predatory pricing.
We have enough evidence throughout the years to see that the government being involved in anything
1. Opens the door for corruption since all politicians are for sale.
2. Becomes terribly inefficient because career politicians rarely know about the businesses they "regulate" and end up deferring to people who check the right boxes or align with them politically, not the best people for the job.
And 3. The guaranteed money from the government creates an atmosphere of free money (like Defense contracting), and useless administrative positions are created and salaries skyrocket