Earlier quoted context omitted.
And there lies the issue with propping up the demand side of the equation with unlimited money from the government rather than regulating the supply side with affordable charges.
I don't think you can use ordinary market dynamics to regulate healthcare. During an emergency you should be driving to the closest hospital, not the most affordable one. And during an emergency you really have no insight as to how much of an emergency you have on your hands. Healthcare can essentially demand your entire worth. The market also has not even provided sufficient incentive for hospitals to announce their…
I'm of the personal political opinion that almost always when the government steps in to fund things on the demand side of the market equation it leads to massive growth in costs and burden for consumers. Universities are another great example of this. If they do step in, they also have to regulate the supply side as the free market is effectively broken at that point, and people who...say want to pay their own bills or for their own education by working or don't qualify for whatever government program is helping others, are screwed by the system.
Government intervention always seems to rake money into companies' pockets rather than helping consumers and tax payers.