Earlier quoted context omitted.
> If nothing is done, the number of Americans with health insurance is expected to decline by millions this year (due to the repeal of the health care tax (I forget the term they used) in the new tax law). This is a bad metric. We should be worried about healthcare costs, not insurance coverage. You can have "universal coverage" and still be wrong, because people are paying $5000+/year in insurance premiums they can'…
> If it didn't cost a hundred thousand dollars to get sick then it wouldn't be a problem for people to not be insured against it. This is a dicey one. One of the things that drives treatment costs up is more advanced technology. Should we go back to 70s/80s-era cancer treatments, HIV treatments, surgical outcomes? We need a lot more national discussion about where the real opportunities to save money are, and what sh…
In theory you can actually have a free market for healthcare. You get cancer, there are multiple competing providers of cancer treatment products and you choose one based on effectiveness and price. A better treatment can charge more, but if it's only 5% better and costs a hundred times as much then most people won't use it. Which will bring the price of the best treatment down to something most people can afford.
The alternative to that is that the government imposes prices regulations, sets low prices for everything and then funds medical R&D with tax money instead of having high margins for medical procedures. The main problem with that is that the government may not fund the right things in the right amounts, either failing to fund very effective research or wasting money on ineffective research.
What we actually have is a bastardized hybrid that doesn't work at all, because when the insurance is paying for it but there are no price regulations, people will always choose the treatment which is 5% more effective but costs a hundred times as much, and then the provider obviously has no incentive to lower the price. So the price of everything gets completely out of control.